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Binford city, ND

ZIP 58416 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58416

Median Home Value
$120,000
Median Rent
$308
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$771/mo PITI).

6%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

32.5 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 58416 in Binford city, ND, a household would need roughly $33,000 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 $771. That sits below the local median household income ($60,179), 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

Vacancy rate 40% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.2%+18% vs US avg
x
Vacancy Rate
39.6%+284% vs US avg
x
Broadband Access
80.7%-7% vs US avg
x
4+ Bedrooms
10.4%-30% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
80.9%+112% vs US avg
x
$120,000
Home Value
$308
Rent
1958
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached87.4%
  • 1-unit attached0.0%
  • 2-9 units7.7%
  • 10+ units1.2%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,000
Median rent$308
Owner-occupied77.2%
Vacant39.6%
Price-to-income2.0x
Est. income to buy$33,000