Cavalier, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cavalier, 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

Cavalier Housing Market Information

With 1,244 people, 583 houses or apartments, and a median cost of homes of $100,642, house prices in Cavalier are solidly below the national average.

Single-family detached homes are the single most common housing type in Cavalier, accounting for 76.16% of the city's housing units. Other types of housing that are prevalent in Cavalier include large apartment complexes or high rise apartments ( 8.63%), mobile homes or trailers ( 6.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.75%).

The most prevalent building size and type in Cavalier are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.56% owning and 35.44% renting.

There is a lot of housing in Cavalier built from 1970 to 1999 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 Cavalier built between 1940-1969 ( 36.44%). A lesser amount of the housing stock also hails from before 1939 ( 22.05%). There's also some housing in Cavalier built between 2000 and later ( 1.78%).

Vacant housing appears to be an issue in Cavalier. Fully 20.14% of the housing stock is classified as vacant. Left unchecked, vacant Cavalier homes and apartments can be a drag on the real estate market, holding Cavalier real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cavalier Home Appreciation Rates

In the last 10 years, Cavalier has experienced some of the highest home appreciation rates of any community in the nation. Cavalier real estate appreciated 29.07% over the last ten years, which is an average annual home appreciation rate of 2.58%, putting Cavalier in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cavalier definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Cavalier appreciation rates have trailed the rest of the nation. In the last twelve months, Cavalier's appreciation rate has been 2.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cavalier were at 3.17%, which equates to an annual appreciation rate of 13.29%.

Importantly, this makes Cavalier 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 Cavalier's latest annual appreciation rate is lower than 90% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$100,642

Cavalier, ND HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.0
$535,001 - $802,000 0.0
$428,001 - $535,000 0.2
$321,001 - $428,000 0.0
$214,001 - $321,000 8.5
$107,001 - $214,000 34.6
$54,001 - $107,000 39.0
$0 - $54,000 17.6

Low for ND
Low for Nation

Value Relative to Nation Value Relative to State
77.1768428454237 69.9115044247788

Number Of Homes And Apartments:
583

Cavalier 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
87.08% 3.70% 2 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$840 / per month

Homeownership Rate

Homeownership
Owners 64.56
Renters 35.44
Vacant 20.14

Housing Market Details

 

Age of Homes

AGE OF Cavalier HOMES
2000 or Newer 1.8
1970 - 1999 39.7
1940 - 1969 36.4
1939 or Older 22.1

Types of Homes

TYPE OF Cavalier HOMES
Single-Family 76.2
Townhomes 2.9
Small Apt. Buildings 5.8
Apt. Complexes 8.6
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Cavalier HOMES
No Bedroom 1.10
1 Bedroom 3.56
2 Bedrooms 34.52
3 Bedrooms 39.45
4 Bedrooms 19.45
5 or more bedrooms 1.92

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Zip Codes in Cavalier, ND