Dickinson, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dickinson, ND Real Estate Data


Dickinson Housing Market Information

With a population of 23,765, 8,135 total housing units (homes and apartments), and a median house value of $232,689, 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 59.63% of the city's housing units. Other types of housing that are prevalent in Dickinson include large apartment complexes or high rise apartments ( 17.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), and a few mobile homes or trailers ( 7.52%).

The most prevalent building size and type in Dickinson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.57% owning and 36.43% renting.

There is a lot of housing in Dickinson 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 Dickinson built between 1940-1969 ( 22.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.90%). There's also some housing in Dickinson built before 1939 ( 8.44%).

Dickinson Home Appreciation Rates

In the last 10 years, Dickinson has experienced some of the highest home appreciation rates of any community in the nation. Dickinson real estate appreciated 93.47% over the last ten years, which is an average annual home appreciation rate of 6.82%, putting Dickinson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dickinson 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, Dickinson appreciation rates have trailed the rest of the nation. In the last twelve months, Dickinson's appreciation rate has been 0.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dickinson were at 1.20%, which equates to an annual appreciation rate of 4.88%.

Relative to North Dakota, our data show that Dickinson's latest annual appreciation rate is higher than 60% 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 2000, to assist you in making the best Dickinson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$232,689

Dickinson, ND HOME PRICES

Value Range
> $1,241,000 0.0
$931,001 - $1,241,000 0.0
$620,001 - $931,000 1.4
$496,001 - $620,000 2.3
$372,001 - $496,000 7.0
$248,001 - $372,000 34.7
$124,001 - $248,000 41.7
$62,001 - $124,000 6.2
$0 - $62,000 6.6

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
26.0701528371494 14.1592920353982

Number Of Homes And Apartments:
8,135

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 63.57
Renters 36.43
Vacant 9.27

Housing Market Details

 

Age of Homes

AGE OF Dickinson HOMES
2000 or Newer 16.9
1970 - 1999 52.0
1940 - 1969 22.7
1939 or Older 8.4

Types of Homes

TYPE OF Dickinson HOMES
Single-Family 59.6
Townhomes 5.8
Small Apt. Buildings 9.1
Apt. Complexes 18.0
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Dickinson HOMES
No Bedroom 2.52
1 Bedroom 10.23
2 Bedrooms 26.78
3 Bedrooms 34.24
4 Bedrooms 19.35
5 or more bedrooms 6.88

Dickinson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
197.76% 6.63% 9 10
* 10 is highest

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Zip Codes in Dickinson, ND