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Housing in Larimore

A typical Larimore home is worth roughly $204,000

Builders were permitted 74 new homes in 2025.

Typical home value
$204K
ND $292K
Estimate
2-bedroom rent
$1,050
a month, utilities in · HUD
Median tax bill
$2,511
ND $2,468

What kind of housing town is Larimore?

Read from the numbers below. The page puts what stands out first.

★ What stands out · New construction

74 new homes permitted in 2025

Builders were permitted 74 new homes in Larimore in 2025: 3 single-family houses and 71 in buildings with two or more homes, worth about $1.7 million to build. That's 60 per 1,000 residents, faster than across North Dakota (3.4). Over the past 10 years, Larimore has permitted 134 homes in all.

Single-family2+ homes per building
020406080 200020052010201520202025
74
new homes permitted in 2025
62
2026 so far (Jan–Aug)
60
per 1,000 residents · ND 3.4
134
homes in the past 10 years
Homes vs. people, 2010–2020
Residents−86
New homes+6

Between the 2010 and 2020 censuses, Larimore's population fell by 86 even though 6 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across North Dakota: 1.7 new residents per new home.

Every year as a table
YearNew homesSingle-family2+ per buildingValue
2026 (Jan–Aug)62557$1.6 million
202574371$1.7 million
202457354$1.4 million
2023000—
2022000—
2021110$150,000
2020000—
2019000—
2018000—
2017110$295,000
2016110$365,000
2015202$275,000
2014110$321,000
2013110$321,000
2012000—
2011000—
2010000—
2009000—
2008000—
2007110$250,000
2006000—
2005110$95,000
2004220$150,000
2003220$257,000
2002000—
2001220$263,000
2000110$59,000

Larimore's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.

Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.

Affordability

A typical home costs 2.3 years of income

Less than across North Dakota (3.8 years). Try your own numbers below.

You could afford about
$328,000
Typical Larimore home $204K

That covers a typical Larimore home, with $124K to spare.

The typical home, each month
$1,280
Loan $1,010Tax $210Insurance $60

A two-bedroom rents for about $1,050 a month here, $230 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Larimore’s typical property tax (1.23% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,050

Fair Market Rent a month, utilities included

Studio$830
1 bedroom$840
2 bedrooms$1,050
3 bedrooms$1,460
4 bedrooms$1,760
22%
of households rent · ND 37%
115
renter households
50%
of renters spend 30%+ of income on rent · ND 39%
14%
of the median income, for a two-bedroom

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grand Forks, ND-MN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

78% of Larimore households own their home

Half of Larimore’s homes were built before 1972.

Owners and renters
Own 78%Rent 22%

North Dakota: 63% own.

1972
typical home built · ND 1982
$2,511
median property tax bill · ND $2,468
1.23%
of a home’s value, a year in tax · ND 0.99%

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Larimore buyers, sellers and renters are saying.

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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