Wahpeton appreciation rates and housing market information

Wahpeton housing market information

With a population of 8,609, 3,489 total housing units (homes and apartments), and a median house value of $135,168, Wahpeton real estate is some of the most expensive in North Dakota, although Wahpeton home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Wahpeton, accounting for 46.55% of the city's housing units. Other types of housing that are prevalent in Wahpeton include large apartment complexes or high rise apartments (36.17%), duplexes, homes converted to apartments, or other small apartment buildings (7.39%), mobile homes or trailers (6.19%), and a few row houses and other attached homes (3.70%).

People in Wahpeton primarily live in small (one, two, or no bedroom) single-family detached homes. Wahpeton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Wahpeton 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 Wahpeton built from 1940-1969 (28.63%). A lesser amount of the housing stock also hails from 1939 and earlier (16.86%), and some were built from 1995 and later (16.86%).

Wahpeton home appreciation rates

Real estate appreciation rates in Wahpeton have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.39% during the period.

Appreciation rates are so strong in Wahpeton that despite a nationwide downturn in the housing market, Wahpeton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wahpeton appreciation rates continue to be some of the highest in America, at 4.98%, which is higher than appreciation rates in 90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wahpeton. Wahpeton appreciation rates in the latest quarter were at -0.44%, which equates to an annual appreciation rate of -1.76%.

Notably, Wahpeton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Wahpeton's latest annual appreciation rate is higher than 51% of the other cities and towns in North Dakota.