Dickinson appreciation rates and housing market information

Dickinson housing market information

With 15,844 people, 7,021 houses or apartments, and a median cost of homes of $130,280, Dickinson real estate is some of the most expensive in North Dakota, although Dickinson home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Dickinson, accounting for 62.41% of the city's housing units. Other types of housing that are prevalent in Dickinson include large apartment complexes or high rise apartments (19.10%), duplexes, homes converted to apartments, or other small apartment buildings (11.14%), row houses and other attached homes (4.07%), and a few mobile homes or trailers (3.28%).

The most prevalent building size and type in Dickinson are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 59.49% owning, and 32.96% renting.

There is a lot of housing in Dickinson built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dickinson built from 1940-1969 (31.19%). A lesser amount of the housing stock also hails from 1939 and earlier (10.04%), and some were built from 1995 and later (10.04%).

Dickinson home appreciation rates

Appreciation rates for homes in Dickinson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.02%, which ranks in the top 30% nationwide. This equates to an annual average Dickinson house appreciation rate of 9.40%.

Appreciation rates are so strong in Dickinson that despite a nationwide downturn in the housing market, Dickinson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dickinson appreciation rates continue to be some of the highest in America, at 7.99%, which is higher than appreciation rates in 98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dickinson. Dickinson appreciation rates in the latest quarter were at 0.30%, which equates to an annual appreciation rate of 1.20%.

Relative to North Dakota, our data show that Dickinson's latest annual appreciation rate is higher than 81% of the other cities and towns in North Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dickinson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dickinson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dickinson real estate investment or home purchase decisions.