Horace, ND Profile: Facts & Data

Horace, North Dakota - Basic Facts

The City of Horace had a population of 3,863 as of July 1, 2024.

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 City of Horace 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, 2024)

POPULATION
Total Population	3,863 (100%)
Population in Households	3,863 (100.0%)
Population in Families	3,502 (90.7%)
Population in Group Quarters¹	0
Population Density	305
Diversity Index²	17


INCOME
Median Household Income	$155,225
Average Household Income	$193,601
% of Income for Mortgage⁴	19%
Per Capita Income	$65,903
Wealth Index⁵	182
Socioeconomic Status Index⁶	High (65.4)

HOUSING
Total HU (Housing Units)	1,368 (100%)
Owner Occupied HU	1,259 (92.0%)
Renter Occupied HU	56 ( 4.1%)
Vacant Housing Units	53 ( 3.9%)
Median Home Value	$478,333
Average Home Value	$538,046
Housing Affordability Index³	123

HOUSEHOLDS
Total Households	1,315
Average Household Size	2.94
Family Households	1,085
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,368 (100%)

Owner Occupied HU

1,259 (92.0%)

Renter Occupied HU

56 ( 4.1%)

Vacant Housing Units

53 ( 3.9%)

Median Home Value

$478,333

Average Home Value

$538,046

Housing Affordability Index³

123

HOUSEHOLDS

Total Households

1,315

Average Household Size

2.94

Family Households

1,085

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	4.45%	3.20%
Households	4.42%	3.30%
Families		3.36%
Median Household Income		1.61%
Per Capita Income		1.98%
Owner Occupied HU		1.12%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

4.45%

3.20%

Households

4.42%

3.30%

Families

3.36%

Median Household Income

1.61%

Per Capita Income

1.98%

Owner Occupied HU

1.12%

Horace, ND - Peer Comparisons by Rank and Percentile

The table below compares Horace to the other 406 incorporated cities, towns and CDPs in North Dakota by rank and percentile using July 1, 2024 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	# 17	96th
Population Density	# 199	51st
Median Household Income	# 6	99th
Housing Affordability Index	# 259	64th
Per Capita Income	# 30	93rd
Diversity Index	# 198	51st

Variable Description

Rank

Percentile

Total Population

# 17

96th

Population Density

# 199

51st

Median Household Income

# 6

99th

Housing Affordability Index

# 259

64th

Per Capita Income

# 30

93rd

Diversity Index

# 198

51st

North Dakota Census Data Comparison Tool

Horace, ND Profile: Facts & Data

Horace, North Dakota - Basic Facts

Horace, ND Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Horace, ND - Peer Comparisons by Rank and Percentile

Horace, ND - Most Popular Things to Do

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