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Lankin

Learn about the people, housing, costs and businesses in Lankin, North Dakota

Median Home$108,000
Median Rent$632/month
Population99
Leading IndustriesAgriculture & Mining · Construction · Manufacturing27% agriculture & mining
Home Value Growth⬆⬆+13.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners89% of occupied units
NotableAffordable Market$108k median home · lower cost than 89% of the country
Lankin
ND

Frequently Asked Questions

What are today's mortgage rates in Lankin?

As of today, the 30-year fixed mortgage rate for Lankin is approximately 7.015% (7.059% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lankin?

The median home value in Lankin is $108k. The median monthly rent is $632. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lankin?

Home values in Lankin have increased 13.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lankin?

Based on a typical all-in ownership cost of $589/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lankin is $77k/year.

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What industries drive the economy in Lankin?

The largest employment sectors in Lankin are agriculture and mining (27%) and construction (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.