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New Salem-Almont

Learn about the people, housing, costs and businesses in New Salem-Almont, North Dakota

Median Home$173,357
Median Rent$851/month
Population1,767
Leading IndustriesManufacturing · Agriculture & Mining · Construction5% manufacturing
Home Value Growth⬆⬆+12.6% over 2 years
Retirees24% of residentsabove average nationally
Homeowners84% of occupied units
NotableAffordable Market$173k median home · lower cost than 73% of the country
New Salem-Almont
ND

Frequently Asked Questions

What are today's mortgage rates in New Salem-Almont?

As of today, the 30-year fixed mortgage rate for New Salem-Almont is approximately 6.987% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for New Salem-Almont
What is the median home price in New Salem-Almont?

The median home value in New Salem-Almont is $173k. The median monthly rent is $851. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Salem-Almont?

Home values in New Salem-Almont have increased 12.6% 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 New Salem-Almont?

Based on a typical all-in ownership cost of $839/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Salem-Almont is $74k/year.

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What industries drive the economy in New Salem-Almont?

The largest employment sectors in New Salem-Almont are public administration (26%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.