This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Horace page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 3,964, so Horace should be compared with similar-size places before using broader North Dakota averages. Median household income is $145,801, so the best affordability read for Horace is income versus housing, taxes, utilities, and insurance together.
Median home value is $444,600, so ownership costs in Horace should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $963/mo, so renters can compare Horace against ownership costs and nearby rental markets.
Housing and Income Context
For Horace, household income runs high enough that housing choice can dominate affordability. Home values are elevated enough that taxes and financing terms can move the total cost.
Use the home value, rent, and income fields together before deciding whether Horace looks more favorable for renting, buying, or comparing with Casselton, ND.
Utility Cost Context
The residential electricity benchmark is $0.119/kWh, so Horace households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Horace is a North Dakota state-level EIA benchmark, so it should not be read as a local provider tariff.
For Horace, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $4,839, so Horace buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Horace address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Horace depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Horace, especially when comparing with Casselton, ND.
Population and Demographics
Median age is 34.0, so Horace may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 43.5%, so Horace education context can be useful when reading labor-market and school sections.
Unemployment is 2.4%, so Horace wage and job-market context should be compared with commute options and regional employment centers.
