Ellendale, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellendale, ND Real Estate Data


Ellendale Housing Market Information

With a population of 1,299, 622 total housing units (homes and apartments), and a median house value of $74,646, house prices in Ellendale are some of the most affordable in North Dakota as well as the nation.

Single-family detached homes are the single most common housing type in Ellendale, accounting for 71.33% of the city's housing units. Other types of housing that are prevalent in Ellendale include large apartment complexes or high rise apartments ( 18.13%), mobile homes or trailers ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%).

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

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. Ellendale's housing was primarily built during this period, from the '40s through the '60s. A full 36.80% of the city's housing hails from this era. Other housing ages represented in Ellendale include homes built between 1970-1999 ( 32.93%) and housing constructed before 1939 ( 26.13%). There's also some housing in Ellendale built between 2000 and later ( 4.13%).

Vacant housing appears to be an issue in Ellendale. Fully 17.07% of the housing stock is classified as vacant. Left unchecked, vacant Ellendale homes and apartments can be a drag on the real estate market, holding Ellendale 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.

Ellendale Home Appreciation Rates

In the last 10 years, Ellendale has experienced some of the highest home appreciation rates of any community in the nation. Ellendale real estate appreciated 62.02% over the last ten years, which is an average annual home appreciation rate of 4.94%, putting Ellendale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ellendale 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, Ellendale appreciation rates have trailed the rest of the nation. In the last twelve months, Ellendale's appreciation rate has been -0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellendale were at 1.20%, which equates to an annual appreciation rate of 4.88%.

Relative to North Dakota, our data show that Ellendale's latest annual appreciation rate is lower than 60% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$74,646

Ellendale, ND HOME PRICES

Value Range
> $1,260,000 0.0
$945,001 - $1,260,000 0.0
$630,001 - $945,000 0.0
$504,001 - $630,000 0.0
$378,001 - $504,000 0.6
$252,001 - $378,000 1.0
$126,001 - $252,000 29.0
$63,001 - $126,000 28.0
$0 - $63,000 41.4

Very Low for ND
Very Low for Nation

Value Relative to Nation Value Relative to State
93.8045324120162 92.9203539823009

Number Of Homes And Apartments:
622

Rent & Ownership

 

Average Market Rent:
$487 / per month

Homeownership Rate

Homeownership
Owners 51.75
Renters 48.25
Vacant 17.07

Housing Market Details

 

Age of Homes

AGE OF Ellendale HOMES
2000 or Newer 4.1
1970 - 1999 32.9
1940 - 1969 36.8
1939 or Older 26.1

Types of Homes

TYPE OF Ellendale HOMES
Single-Family 71.3
Townhomes 0.4
Small Apt. Buildings 4.4
Apt. Complexes 18.1
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Ellendale HOMES
No Bedroom 0.27
1 Bedroom 12.40
2 Bedrooms 34.67
3 Bedrooms 30.67
4 Bedrooms 14.27
5 or more bedrooms 7.73

Ellendale 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
129.98% 5.02% 5 10
* 10 is highest

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