Langdon, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Langdon, 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

Langdon Housing Market Information

With a population of 1,787, 860 total housing units (homes and apartments), and a median house value of $93,309, house prices in Langdon are solidly below the national average.

Single-family detached homes are the single most common housing type in Langdon, accounting for 74.55% of the city's housing units. Other types of housing that are prevalent in Langdon include duplexes, homes converted to apartments or other small apartment buildings ( 11.17%), large apartment complexes or high rise apartments ( 9.58%), and a few mobile homes or trailers ( 3.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Langdon. Owner-occupied housing accounts for 76.00% of Langdon's homes, and 56.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Langdon 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 Langdon built between 1940-1969 ( 37.93%). A lesser amount of the housing stock also hails from before 1939 ( 12.86%). There's also some housing in Langdon built between 2000 and later ( 5.16%).

Vacant housing appears to be an issue in Langdon. Fully 19.25% of the housing stock is classified as vacant. Left unchecked, vacant Langdon homes and apartments can be a drag on the real estate market, holding Langdon 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.

Langdon Home Appreciation Rates

In the last 10 years, Langdon has experienced some of the highest home appreciation rates of any community in the nation. Langdon real estate appreciated 54.51% over the last ten years, which is an average annual home appreciation rate of 4.45%, putting Langdon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Langdon 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, Langdon's appreciation rate, at 3.83%, has been at or slightly above the national average. In the latest quarter, Langdon's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Langdon 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 Langdon's latest annual appreciation rate is lower than 60% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$93,309

Langdon, ND HOME PRICES

Value Range
> $1,097,000 0.1
$823,001 - $1,097,000 0.0
$549,001 - $823,000 0.0
$439,001 - $549,000 0.1
$329,001 - $439,000 1.2
$220,001 - $329,000 5.4
$110,001 - $220,000 34.5
$54,001 - $110,000 34.0
$0 - $54,000 24.7

Low for ND
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8528067502637 75.2212389380531

Number Of Homes And Apartments:
860

Langdon 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
102.11% 4.16% 3 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 76.00
Renters 24.00
Vacant 19.25

Housing Market Details

 

Age of Homes

AGE OF Langdon HOMES
2000 or Newer 5.2
1970 - 1999 44.0
1940 - 1969 37.9
1939 or Older 12.9

Types of Homes

TYPE OF Langdon HOMES
Single-Family 74.6
Townhomes 1.1
Small Apt. Buildings 11.2
Apt. Complexes 9.6
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Langdon HOMES
No Bedroom 0.56
1 Bedroom 6.85
2 Bedrooms 30.61
3 Bedrooms 33.43
4 Bedrooms 22.63
5 or more bedrooms 5.92

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Zip Codes in Langdon, ND