Market Overview
Home Prices in Steele, ND
The median home value in Steele, ND is $237,619 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Steele are priced42% below average.
Over the past five years, Steele home values have risen by approximately24.0%, reflecting strong long-term appreciation in this market.
Price History
Steele Home Price Trend
2020
$166,244
$166K
—
2021
$191,571
$192K
+15.2%
2022
$240,360
$240K
+25.5%
2023
$229,691
$230K
-4.4%
2024
$221,373
$221K
-3.6%
2025
$223,261
$223K
+0.9%
2026
$237,619
$238K
+6.4%
City Comparison
Steele vs. National Median
🏠 Steele
$237,619
National Median
$410,000
At $237,619, homes in Steele cost 42% below the national median of $410,000. This makes Steele a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Steele?
20% Down Payment
$47,524
on $237,619
Monthly P&I
$1,239/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,574/mo
incl. taxes & insurance
Income Needed
$62,960
gross annual (30% rule)
10% Down Option
$23,762
+ PMI applies
Loan Amount (20% dn)
$190,095
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 Steele, ND?
The median home value in Steele is $237,619 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Steele?
Over the past year, home values in Steele have increased by 6.4%. Over five years, prices have risen approximately 24.0%.
How much do I need to earn to buy a home in Steele?
To comfortably afford the median home price of $237,619 with a 20% down payment ($47,524) at today's rates (6.8%), you'd need a gross annual income of approximately $62,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Steele compare to the national average home price?
The national median home value is approximately $410,000. At $237,619, homes in Steele are 42% below the national average.