Bottineau, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bottineau, ND Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bottineau Housing Market Information

With a population of 2,343, 1,042 total housing units (homes and apartments), and a median house value of $124,526, house prices in Bottineau are solidly below the national average.

Single-family detached homes are the single most common housing type in Bottineau, accounting for 72.84% of the city's housing units. Other types of housing that are prevalent in Bottineau include large apartment complexes or high rise apartments ( 14.80%), duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), and a few row houses and other attached homes ( 2.45%).

The most prevalent building size and type in Bottineau are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.25% owning and 45.75% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bottineau's housing was primarily built during this period, from the '40s through the '60s. A full 41.60% of the city's housing hails from this era. Other housing ages represented in Bottineau include homes built between 1970-1999 ( 35.33%) and housing constructed before 1939 ( 19.44%). There's also some housing in Bottineau built between 2000 and later ( 3.63%).

Bottineau Home Appreciation Rates

In the last 10 years, Bottineau has experienced some of the highest home appreciation rates of any community in the nation. Bottineau real estate appreciated 82.46% over the last ten years, which is an average annual home appreciation rate of 6.20%, putting Bottineau in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bottineau definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bottineau's appreciation rate, at 4.30%, has been at or slightly above the national average. In the latest quarter, Bottineau's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Bottineau one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Dakota, our data show that Bottineau's latest annual appreciation rate is lower than 50% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$124,526

Bottineau, ND HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.0
$566,001 - $849,000 0.6
$453,001 - $566,000 0.0
$339,001 - $453,000 1.4
$226,001 - $339,000 11.0
$113,001 - $226,000 42.8
$57,001 - $113,000 28.2
$0 - $57,000 16.0

Average for ND
Low for Nation

Value Relative to Nation Value Relative to State
62.8032345013477 53.0973451327434

Number Of Homes And Apartments:
1,042

Bottineau Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
159.23% 5.68% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$958 / per month

Homeownership Rate

Homeownership
Owners 54.25
Renters 45.75
Vacant 5.36

Housing Market Details

 

Age of Homes

AGE OF Bottineau HOMES
2000 or Newer 3.6
1970 - 1999 35.3
1940 - 1969 41.6
1939 or Older 19.4

Types of Homes

TYPE OF Bottineau HOMES
Single-Family 72.8
Townhomes 2.5
Small Apt. Buildings 9.5
Apt. Complexes 14.8
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Bottineau HOMES
No Bedroom 0.91
1 Bedroom 7.99
2 Bedrooms 39.24
3 Bedrooms 30.70
4 Bedrooms 17.71
5 or more bedrooms 3.45

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Zip Codes in Bottineau, ND