Quick facts: Mooreton, ND

Quick Facts

94.7
Cost of Living
below US average
175
Population
57.14
Crime Rate per 1000
above US average
$69,063
Median Income
below US average
$60,000
Median House Price
above US average
$1200
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

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 $69,063.

🏠

Income Needed to Buy

βœ“ Affordable
$19k/year
Based on $60,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($69,063) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1200/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($69,063) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mooreton, ND

Mooreton is a small city located in the southeastern part of North Dakota, within Richland County. With a modest population of around 600 residents, Mooreton exudes a close-knit community atmosphere, making it a charming place to live and visit. The city is situated near the borders of Minnesota and is just a short drive from larger towns, such as Wahpeton and Breckenridge. Mooreton's landscape is characterized by the picturesque rolling plains typical of North Dakota, offering stunning views and ample access to outdoor activities such as fishing, hunting, and hiking. The city is situated near the Sheyenne River, providing additional recreational opportunities. The local economy is primarily supported by agriculture and small businesses, reflecting the rural character of the area. Residents enjoy a slower pace of life, with community events and gatherings that foster a strong sense of belonging. Mooreton also has access to essential services and amenities, ensuring that residents' daily needs are met while maintaining a serene rural lifestyle. In summary, Mooreton is an inviting small town that showcases the charm of North Dakota's rural life, where community and nature come together harmoniously.

πŸ” Search & Compare Places

First Location πŸ“