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Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in North Dakota?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in North Dakota is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in North Dakota

Home values have been rising throughout North Dakota and are up 2.81% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $208,300 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home price for North Dakota at $208,300 , a representative monthly mortgage payment would be $957.59.

How the North Dakota housing market stacks up

Sunrise over Theodore Roosevelt National Park, North Dakota.
ZakZeinert / Shutterstock
Sunrise over Theodore Roosevelt National Park, North Dakota.

Property values in North Dakota are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in North Dakota, they're expected to rise 2.71%.

Homes are going on the market in North Dakota at a median price of $183 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

North Dakota home prices over the last 10 years

Year Avg. Price
2019* $209,875
2018 $206,983
2017 $206,050
2016 $199,225
2015 $189,942
2014 $176,258
2013 $163,892
2012 $148,433
2011 $144,550
2010 $139,217
2009 $136,175

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in North Dakota is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $457,500
2018 $452,500
2017 $452,500
2016 $447,500
2015 $432,500
2014 $397,500
2013 $367,500
2012 $332,500
2011 $327,500
2010 $315,000
2009 $310,000

*2019 price average through August 2019.