US5.com
  1. Home
  2. States
  3. North Dakota
  4. ZIP 58047
  5. Housing & Real Estate
Horace city, ND

ZIP 58047 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58047

Median Home Value
$417,800
Median Rent
$631
Affordability Snapshot
$115,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,684/mo PITI).

5%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

55.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 58047 in Horace city, ND, a household would need roughly $115,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,684. That sits below the local median household income ($142,216), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics

Newer development area (15% built after 2014)

Owner Occupied
97.6%+49% vs US avg
x
Vacancy Rate
4.3%-58% vs US avg
x
Broadband Access
96.8%+11% vs US avg
x
4+ Bedrooms
16.3%+10% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
15.3%+122% vs US avg
x
Rent Burden >30%
19.1%-62% vs US avg
x
Mortgage-Free
31.5%-18% vs US avg
x
$417,800
Home Value
$631
Rent
2004
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached90.7%
  • 1-unit attached1.2%
  • 2-9 units0.0%
  • 10+ units0.4%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$417,800
Median rent$631
Owner-occupied97.6%
Vacant4.3%
Price-to-income2.9x
Est. income to buy$115,000