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📍 Drake, ND · Zillow ZHVI · July 2026

Average Home Price in
Drake, ND

Minot, ND metro area · McHenry County County

Median Home Value
$81,039
↓ 2.8% year-over-year
vs. National Median
$410,000
Drake is 80% below
Est. Monthly Payment
$423/mo
20% down · 6.8% rate
Income Needed
$21K
gross annual (30% rule)
Median Home Value
$81,039
↓ 2.8% year-over-year
Down Payment (20%)$16,208
Monthly P&I$423/mo
With Taxes & Ins.~$537/mo
Income Needed$21,480/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Drake, ND

The median home value in Drake, ND is $81,039 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and down 4.8% from two years prior.

Compared to the U.S. national median of $410,000, homes in Drake are priced80% below average. Drake is part of the Minot, ND metro area.

City Comparison

Drake vs. National Median

🏠 Drake
$81,039
National Median
$410,000

At $81,039, homes in Drake cost 80% below the national median of $410,000. This makes Drake a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Drake?

20% Down Payment
$16,208
on $81,039
Monthly P&I
$423/mo
30-yr @ 6.8%
Total Monthly Est.
~$537/mo
incl. taxes & insurance
Income Needed
$21,480
gross annual (30% rule)
10% Down Option
$8,104
+ PMI applies
Loan Amount (20% dn)
$64,831
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Drake, ND?
The median home value in Drake is $81,039 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Drake?
Over the past year, home values in Drake have decreased by 2.8%.
How much do I need to earn to buy a home in Drake?
To comfortably afford the median home price of $81,039 with a 20% down payment ($16,208) at today's rates (6.8%), you'd need a gross annual income of approximately $21,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Drake compare to the national average home price?
The national median home value is approximately $410,000. At $81,039, homes in Drake are 80% below the national average.
What metro area is Drake part of?
Drake is part of the Minot, ND metropolitan area. Home prices and market conditions can vary across the broader metro region.