North Dakota Has Fastest Housing Growth in Nation
For the third consecutive year, North Dakota has been named the leading state in the nation for housing growth.
The oil boom is the main reason North Dakota comes out on top as developing housing faster than anywhere in the nation. According to the Census Bureau, last year North Dakota added 10,207 housing units giving us a 3.1 percent growth rate. That is huge compared to the average growth in the United States which is .3 percent.
It's no surprise that Williams County had the fastest housing growth rate in the country. It grew by 15.6 percent last year and an impressive 40 percent over the last three.
With more people arriving daily, it is still hard to find housing in some towns of North Dakota. The high demand has also made rent costs some of the highest in the nation.
Learn more about North Dakota's housing rate here.