FIPS 38061, ND
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 48.20, -102.36.
Assembled 2026-10-02. Read the brief.
- 44th pct · 1,706th of 3,063 US counties · median $234,566
- 67th pct · 989th of 3,063 US counties · median +2.9%
- US counties: not published this period
- 37th pct · 2,015th of 3,221 US counties · median 8,232
- 94th pct · 189th of 3,221 US counties · median $1,039
- 14th pct · 2,629th of 3,063 US counties · median 4.3
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $220,449 (Aug 2026), +4.5% over one year, +22.3% over five
- 44th pct · 1,706th of 3,063 US counties · median $234,566
| Item | Value | Distance |
|---|---|---|
| Mountrail County | $220,449 · +4.5% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,207 a month on $220,449 at 7.28%, against an average weekly wage worth $6,773 a month: 17.8% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $220,449 × 80% = $176,359, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,207/mo principal and interest
- wage share = payment / (avg weekly wage $1,563 × 52 / 12 = $6,773) = 18% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $220,449 / ($1,563 × 52) = 2.7
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
5,040 jobs at 496 employers (2026 Q1); -4.6% jobs and +0.4% average weekly wage over the year
- 37th pct · 2,015th of 3,221 US counties · median 8,232
| Item | Value | Distance |
|---|---|---|
| Mountrail County | 5,040 jobs · $1,563/wk · -4.6% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Mining, oil and gas | 842 | $2,714 | 46.92 | -19.5% |
| Transportation and warehousing | 542 | $2,133 | 2.55 | +0.9% |
| Retail trade | 418 | $633 | 0.85 | +2.7% |
| Accommodation and food services | 254 | $498 | 0.56 | +0.0% |
| Administrative and waste services | 181 | $2,213 | 0.63 | +182.8% |
| Other services | 162 | $1,466 | 1.08 | +7.3% |
| Professional and technical services | 112 | $1,930 | 0.32 | -44.8% |
| Finance and insurance | 95 | $1,288 | 0.46 | +0.0% |
| Management of companies | 15 | $2,360 | 0.18 | -16.7% |
| Arts, entertainment and recreation | 12 | $270 | 0.14 | +0.0% |
| Agriculture, forestry, fishing | 7 | $784 | 0.19 | -41.7% |
| Utilities | withheld |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Water #
Banks & federal dollars #
$1.0 bn in deposits at 6 offices of 3 banks (SOD June 2026); HHI 4,563, highly concentrated. $72.2 m federal obligations in FY2026 (direct payments $64.6 m, grants $5.3 m), $14,330 per covered job
| Item | Value | Distance |
|---|---|---|
| Cornerstone Bank | $548.9 m · 53.9% share · 4 offices | |
| Bravera Bank | $410.0 m · 40.3% share · 1 office | |
| BNC National Bank | $59.1 m · 5.8% share · 1 office | |
| Mountrail, ND | $72.2 m FY2026 · $14,330/job | |
| MULTIPLE RECIPIENTS | $37.8 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Cornerstone Bank | $548,861,000 | 53.9% | 4 |
| Bravera Bank | $409,966,000 | 40.3% | 1 |
| BNC National Bank | $59,147,000 | 5.8% | 1 |
Deposit concentration is 4,563 across 3 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 3 banks with deposits in the county = 53.9² + 40.3² + 5.8² = 4,563
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $33,208,756 |
| Department of the Interior | $18,150,741 |
| Department of Agriculture | $9,026,223 |
| Department of Education | $4,370,663 |
| Department of Veterans Affairs | $3,705,925 |
| Department of Transportation | $1,428,982 |
| Department of Defense | $1,357,988 |
| Railroad Retirement Board | $815,279 |
| Department of State | $763,347 |
| Federal Communications Commission | $7,228 |
| Department of Energy | $0 |
| Small Business Administration | $0 |
That is $14,330 per covered job, against 5,040 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $72.2 m / 5,040 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $14,330
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 16.50 | 2026-09-30 | -11.7% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 71.30 | 2026-10-01 | +0.1% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.10 | 2026-08-01 | +0.0% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
FIPS 38061, ND: 11 findings, 1 at an alert level, 2 at a watch level and 8 noted
alertFIPS 38061, ND's covered employment is -4.6% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -4.6 <= -3
BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level
watchFIPS 38061, ND's covered employment is -4.6% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -4.6 < 0
BLS QCEW over-the-year percent change, as published; not an official level
watchFIPS 38061, ND's typical home value is -2.1% against the previous month, a watch level here: typical home value at least 1 percent below the previous month (arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.momPct = -2.097588425340468 <= -1
- month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level
noteFIPS 38061, ND's covered employment was 4.6% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -4.6 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteFIPS 38061, ND's typical home value fell 2.1% from $225,172 in July 2026 to $220,449 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- -2.1% = (220448.99793225472 - 225172.18359237476) / 225172.18359237476 × 100
- 220448.99793225472 = Zillow ZHVI, 2026-08
- 225172.18359237476 = Zillow ZHVI, 2026-07
Read all 11 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.