Quick facts: Horace, ND

Quick Facts

94.7
Cost of Living
below US average
4,277
Population
0.7
Crime Rate per 1000
below US average
$146,184
Median Income
above US average
$125,000
Median House Price
above US average
$2370.38
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $146,184.

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Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $125,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($146,184) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$102k/year
Based on $2370.38/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($146,184) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Horace, ND

Horace is a small city located in Cass County, North Dakota, just west of Fargo. Established in the late 19th century, Horace has experienced significant growth in recent years due to its proximity to the Fargo metropolitan area. The city is characterized by its friendly community atmosphere, making it an appealing place for families and individuals looking for a quieter lifestyle while still being close to urban amenities. As of the latest counts, Horace has a population that is steadily increasing, reflecting its appeal among those attracted to suburban living. The city offers several parks and recreational opportunities, such as walking trails and playgrounds, making it family-friendly. Horace is known for its small-town charm, with local events fostering community spirit. It has easy access to major highways, making it convenient for commuting to nearby Fargo for work or leisure activities. Overall, Horace is a blend of a serene environment and accessibility to urban conveniences, creating an inviting place to call home.

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