Market Overview
Home Prices in Horace, ND
The median home value in Horace, ND is $409,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Horace are priced0% below average. Horace is part of the Fargo, ND-MN metro area.
Over the past five years, Horace home values have risen by approximately7.3%, reflecting steady appreciation in this market.
Price History
Horace Home Price Trend
2020
$351,376
$351K
—
2021
$382,069
$382K
+8.7%
2022
$428,447
$428K
+12.1%
2023
$414,634
$415K
-3.2%
2024
$391,167
$391K
-5.7%
2025
$401,036
$401K
+2.5%
2026
$409,871
$410K
+2.2%
City Comparison
Horace vs. National Median
🏠 Horace
$409,871
National Median
$410,000
At $409,871, homes in Horace cost 0% below the national median of $410,000. This makes Horace a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Horace?
20% Down Payment
$81,974
on $409,871
Monthly P&I
$2,138/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,715/mo
incl. taxes & insurance
Income Needed
$108,600
gross annual (30% rule)
10% Down Option
$40,987
+ PMI applies
Loan Amount (20% dn)
$327,897
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 Horace, ND?
The median home value in Horace is $409,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Horace?
Over the past year, home values in Horace have increased by 2.2%. Over five years, prices have risen approximately 7.3%.
How much do I need to earn to buy a home in Horace?
To comfortably afford the median home price of $409,871 with a 20% down payment ($81,974) at today's rates (6.8%), you'd need a gross annual income of approximately $108,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Horace compare to the national average home price?
The national median home value is approximately $410,000. At $409,871, homes in Horace are 0% below the national average.
What metro area is Horace part of?
Horace is part of the Fargo, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.