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Horace, ND Profile: Facts & Data

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Horace, North Dakota - Basic Facts

The City of Horace had a population of 2,842 as of July 1, 2020.

The primary coordinate point for Horace is located at latitude 46.7589 and longitude -96.9037 in Cass County. The formal boundaries for the City of Horace encompass a land area of 11.02 sq. miles and a water area of 0 sq. miles. Cass County is in the Central time zone (GMT -6). The elevation is 919 feet.

The City of Horace (GNIS ID: 1036095) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


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Horace, ND Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,842 (100%)
Population in Households 2,840 (99.9%)
Population in Families 2,492 (87.7%)
Population in Group Quarters1 2 ( 0.1%)
Population Density 246
Diversity Index2 11
 
 

INCOME

Median Household Income $115,265
Average Household Income $150,306
% of Income for Mortgage4 13%
Per Capita Income $52,871
Wealth Index5 228
 

HOUSING

Total HU (Housing Units) 986 (100%)
Owner Occupied HU 848 (86.0%)
Renter Occupied HU 109 (11.1%)
Vacant Housing Units 29 ( 2.9%)
Median Home Value $366,142
Average Home Value $441,185
Housing Affordability Index3 198
 

HOUSEHOLDS

Total Households 957
Average Household Size 2.97
Family Households 750
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 1.38% 2.66%
Households 1.49% 2.66%
Families 0.76% 2.58%
Median Household Income   3.14%
Per Capita Income   2.84%
Owner Occupied HU   2.75%

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Horace, ND - Peer Comparisons by Rank and Percentile

The table below compares Horace to the other 401 incorporated cities, towns and CDPs in North Dakota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 18 96th
Population Density # 238 41st
Median Household Income # 5 99th
Housing Affordability Index # 216 54th
Per Capita Income # 11 98th
Diversity Index # 213 47th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Dakota Census Data Comparison Tool.

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