60 / 100

Ward County, ND

RANK #398 / 996  ·  POP 69,532  ·  ND

PROJECTED GROWTH: +1.1%

Ward County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Ward County?

Ward County, North Dakota, is defined by Minot, its largest city and county seat, often called the "Magic City" due to its rapid growth during the railroad era. Located in north-central North Dakota, Minot is approximately 110 miles north of Bismarck. The community's feel is influenced by Minot State University and Minot Air Force Base, contributing to a diverse and energetic atmosphere. The Souris River, also known as the Mouse River, meanders through the county, and outdoor recreation opportunities include hiking and biking trails at places like Black Butte Trailhead and the Minot Outdoor Recreation Area.

Life in Ward County offers a blend of urban amenities and access to outdoor activities. Public schools in the county are generally above average. Commute times are manageable, with Minot serving as a central hub. The economy is significantly shaped by the presence of Minot Air Force Base, which is a major employer and contributes substantially to the local economy. Additionally, the region's location near the Bakken oil formation and key transportation routes drives opportunities in sectors such as transportation, logistics, and agribusiness. Recent years have seen investment in new housing and commercial developments, reflecting ongoing economic activity.

[02] Market Snapshot

Housing Ratio
4.4x

Below national median (4.7x)

GDP Growth
+0.8%

Well below national median

Home Prices
+2.4%

Outpacing national median

Climate & Terrain
-2.0

Below-average climate & terrain

Price/Rent
21x

Prices detached from rents

Housing is fairly valued at 4.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Ward County U.S. National

The Numbers

DEMOGRAPHICS
Population
69,532
-0.22% YoY
Median Household Income
$78,143
Median Home Value
$249,800
+2.35% 12mo
Median Rent
$1,005
Average Annual Pay
$60,491
+3.2% YoY
Employment
31,358
+0.8% YoY
Income-to-Home-Value
0.3128
More affordable than average
Migration Inflow
4.15%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$303,750
Days on Market
66
Slower market
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
10.9%
Listings w/ Price Drops
14.7%
Building Permits (2024)
130
Single-Family Permits
110

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$450M
TOTAL
PROJECT AMOUNT STATUS
Ward Battery/Storage
Undisclosed (part of MISO interconnection queue)
$200M Planned
Ward Wind Farm
Undisclosed (part of MISO interconnection queue)
$100M Planned
County Road 23 Reconstruction
Ward County / KLJ Engineering
$50M Planned
SW & SE Connector Corridor Study
Ward County
$50M Proposed
Islandview Estate Development
SHK Holdings
$50M Approved

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.8% 15 percentile
Population Growth -0.2% 20 percentile
Income Growth +8.2% 40 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change +2.4% 63 percentile
Rent Growth +4.7% 76 percentile
Price/Rent 21x 6 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Ward County, ND a good place to move to?

Ward County has a Boom Town Index score of 60/100, ranking #398 among 996 U.S. counties. With job growth at +0.8% and a median household income of $78,143, it's an above-average county on economic indicators.

Is Ward County affordable?

The median home value in Ward County is $249,800 with median rent at $1,005/month. The income-to-home-value ratio is 0.3128, which is more affordable than the national average.

Is Ward County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +0.8%. Home values changed +2.4% in the past 12 months.

Are people moving to Ward County?

Yes — 4.15% of Ward County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Pickaway County, OH 70 Campbell County, KY 70 Kings County, NY 70 Dauphin County, PA 70 Lehigh County, PA 70 Providence County, RI 70 Anchorage Municipality, AK 70 Otero County, NM 70