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Hatton city, ND

ZIP 58240 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58240

Median Home Value
$161,500
Median Rent
$588
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,037/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 58240 in Hatton city, ND, a household would need roughly $44,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,037. That sits below the local median household income ($76,250), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.9%+27% vs US avg
x
Vacancy Rate
28.9%+180% vs US avg
x
Broadband Access
77.1%-11% vs US avg
x
4+ Bedrooms
5.4%-64% vs US avg
x
Built Pre-1939
5.2%-59% vs US avg
x
Built Post-2014
1.7%-76% vs US avg
x
Rent Burden >30%
11.4%-77% vs US avg
x
Mortgage-Free
41.9%+10% vs US avg
x
$161,500
Home Value
$588
Rent
1964
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.9%
  • 1-unit attached1.7%
  • 2-9 units8.0%
  • 10+ units1.5%
  • Mobile home & other12.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,500
Median rent$588
Owner-occupied82.9%
Vacant28.9%
Price-to-income2.1x
Est. income to buy$44,000