Horace, ND
Population 3,964 · North Dakota
About Horace, ND
Horace is a small town located in North Dakota with a population of 3,964 residents according to the latest US Census Bureau American Community Survey data. The median household income is $145,801 per year, which is 94% above the national median of $75,149. The median age of 34 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Horace features a median home value of $444,600, which is 82% above the national median of $244,900. This places Horace in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $963, 17% below the national average of $1,163/month. Of the 1,414 total housing units, 97% are owner-occupied (1,303 units) and 3% are renter-occupied (42 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Horace shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Horace have an average one-way commute time of 30.6 minutes.
Education & Demographics
43.5% of Horace residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.7% White, 1.0% Hispanic or Latino, 1.7% Black or African American, and 1.2% Asian residents, with 2.8% of the population being foreign-born.
How Horace Ranks in North Dakota
Cost of Living in Horace, ND
Compared to national averages, Horace has a median household income of $145,801 (94% above the national median of $75,149). Home values average $444,600, which is 82% above the national median. Monthly rent at $963 is 17% below the US average of $1,163. Within North Dakota, Horace's income is 101% above the state average of $72,691, and home values are 219% above the state median of $139,496.
Why Live in Horace, ND?
Horace offers a strong local economy with a median household income of $145,801, well above the national average, and rent that’s lower than the national average at $963/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features a well-educated community where 43.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $444,600. However, Horace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Horace has a population of 3,964 with a median age of 34 years. Compare Horace with other cities to see how it stacks up, or explore all cities in North Dakota.
Similar Cities Near Horace
Cities in North Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grafton | 4,128 | $60,184 | $153,800 | Compare |
| Lincoln | 4,309 | $83,387 | $259,400 | Compare |
| Beulah | 3,058 | $84,417 | $194,300 | Compare |
| Minot AFB | 4,904 | $65,571 | $0 | Compare |
| New Town | 2,725 | $50,707 | $199,700 | Compare |
| Casselton | 2,640 | $68,472 | $297,500 | Compare |
| Rugby | 2,555 | $50,580 | $147,800 | Compare |
| Hazen | 2,509 | $72,094 | $189,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Horace With Other Cities
Frequently Asked Questions about Horace
What is the population of Horace, ND?
The population of Horace, ND is 3,964 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Dakota.
What is the median household income in Horace?
The median household income in Horace, ND is $145,801 per year, which is 94% above the national median of $75,149.
What is the median home value in Horace?
The median home value in Horace, ND is $444,600, which is 82% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Horace?
The median monthly rent in Horace, ND is $963, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Horace?
The unemployment rate in Horace, ND is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Horace, ND a good place to live?
Horace offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,964 and a median age of 34, the city appeals to young professionals and families.
How educated is Horace, ND?
43.5% of residents in Horace aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Horace?
Key cost-of-living indicators for Horace, ND: median home value is $444,600 (82% above national), median rent is $963/month, and median household income is $145,801. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Horace?
The poverty rate in Horace, ND is 4.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Horace, ND?
Horace's population is 4.7% White, 1.0% Hispanic or Latino, 1.7% Black or African American, 1.2% Asian, and 2.2% two or more races. 2.8% of residents are foreign-born.