Dickinson ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Dickinson, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Dickinson Housing Market Information

With 22,739 people, 9,126 houses or apartments, and a median cost of homes of $220,677, Dickinson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dickinson, accounting for 50.74% of the city's housing units. Other types of housing that are prevalent in Dickinson include large apartment complexes or high rise apartments ( 29.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.55%), and a few row houses and other attached homes ( 5.71%).

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 52.42% owning and 47.58% 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 2000 and later ( 35.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.39%). There's also some housing in Dickinson built before 1939 ( 6.87%).

Vacant housing appears to be an issue in Dickinson. Fully 15.39% of the housing stock is classified as vacant. Left unchecked, vacant Dickinson homes and apartments can be a drag on the real estate market, holding Dickinson 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.

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 53.57% over the last ten years, which is an average annual home appreciation rate of 4.38%, putting Dickinson in the top 20% 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 2.83%, 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 -0.39%, which equates to an annual appreciation rate of -1.55%.

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

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:
$220,677

Dickinson, ND HOME PRICES

Value Range
> $1,057,000 0.7
$792,001 - $1,057,000 0.5
$528,001 - $792,000 4.6
$422,001 - $528,000 5.0
$317,001 - $422,000 12.0
$212,001 - $317,000 41.7
$105,001 - $212,000 26.4
$53,001 - $105,000 5.3
$0 - $53,000 3.8

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
35.2875912408759 19.2982456140351

Number Of Homes And Apartments:
9,126

Dickinson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
187.42% 5.28%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,188 / per month

Homeownership Rate

Homeownership
Owners 52.42
Renters 47.58
Vacant 15.39

Housing Market Details

 

Age of Homes

AGE OF Dickinson HOMES
2000 or Newer 35.7
1970 - 1999 40.0
1940 - 1969 17.4
1939 or Older 6.9

Types of Homes

TYPE OF Dickinson HOMES
Single-Family 50.7
Townhomes 5.7
Small Apt. Buildings 8.5
Apt. Complexes 29.7
Mobile Homes 5.2
Other 0.1

Home Size

SIZE OF Dickinson HOMES
No Bedroom 4.94
1 Bedroom 11.77
2 Bedrooms 26.93
3 Bedrooms 33.23
4 Bedrooms 16.59
5 or more bedrooms 6.54

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Zip Codes in Dickinson, ND