Steele, ND
Population 742 · North Dakota
About Steele, ND
Steele is a small community located in North Dakota with a population of 742 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,000 per year, which is 16% below the national median of $75,149. The median age of 52.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Steele features a median home value of $160,300, which is 35% below the national median of $244,900. This positions Steele in a moderately priced market relative to the rest of the country. Median monthly rent is $786, 32% below the national average of $1,163/month. Of the 422 total housing units, 71% are owner-occupied (270 units) and 29% are renter-occupied (112 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Steele shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Steele have an average one-way commute time of 16.6 minutes, one of the shorter commutes in the region.
Education & Demographics
30.2% of Steele 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 4.2% White, 1.9% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Steele, ND
Compared to national averages, Steele has a median household income of $63,000 (16% below the national median of $75,149). Home values average $160,300, which is 35% below the national median. Monthly rent at $786 is 32% below the US average of $1,163. Within North Dakota, Steele's income is 13% below the state average of $72,691, and home values are 15% above the state median of $139,496.
Why Live in Steele, ND?
Steele offers affordable housing with a median home value of $160,300, below the US average of $244,900, and rent that’s lower than the national average at $786/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 16.6 minutes.
Potential considerations include median household income ($63,000) that falls below the national average. However, Steele’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Steele has a population of 742 with a median age of 52.7 years. Compare Steele with other cities to see how it stacks up, or explore all cities in North Dakota.
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Other Cities in North Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Steele
What is the population of Steele, ND?
The population of Steele, ND is 742 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Dakota.
What is the median household income in Steele?
The median household income in Steele, ND is $63,000 per year, which is 16% below the national median of $75,149.
What is the median home value in Steele?
The median home value in Steele, ND is $160,300, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Steele?
The median monthly rent in Steele, ND is $786, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Steele?
The unemployment rate in Steele, ND is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Steele, ND a good place to live?
Steele offers a moderate cost of living, affordable housing, and a strong job market. With a population of 742 and a median age of 52.7, the city appeals to established professionals and retirees.
How educated is Steele, ND?
30.2% of residents in Steele aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Steele?
Key cost-of-living indicators for Steele, ND: median home value is $160,300 (35% below national), median rent is $786/month, and median household income is $63,000. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Steele?
The poverty rate in Steele, ND is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Steele, ND?
Steele's population is 4.2% White, 1.9% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.