North Dakota
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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North Dakota Real Estate Values & Housing Market 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 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

Average Home Values

Median Home Value:
$201,701

Number Of Homes And Apartments:
314,903

North Dakota Home Prices

Value Range
> $1,096,015 0.7
$821,844 - $1,096,015 0.7
$548,001 - $821,843 2.7
$438,209 - $548,000 4.0
$329,001 - $438,208 10.7
$218,970 - $329,000 25.1
$109,647 - $218,969 32.4
$54,870 - $109,646 12.9
$0 - $54,869 10.8

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
-0.02% -0.06%
1
Last 12 Months:
2019 Q1 - 2020 Q1
3.01% 3.01%
1
Last 2 Years:
2018 Q1 - 2020 Q1
5.53% 2.73%
1
Last 5 Years:
2015 Q1 - 2020 Q1
12.64% 2.41%
1
Last 10 Years:
2010 Q1 - 2020 Q1
51.70% 4.26%
8
Since 2000:
2000 Q1 - 2020 Q1
140.68% 4.49%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 60.54
Renters 39.46
Vacant 14.35

Housing Details

Age of Homes

AGE OF North Dakota HOMES
2000 or Newer 24.6
1970 - 1999 40.0
1940 - 1969 22.2
1939 or Older 13.2

Types of Homes

TYPE OF North Dakota HOMES
Single-Family 57.5
Townhomes 5.5
Small Apt. Buildings 5.9
Apt. Complexes 23.8
Mobile Homes 7.3
Other 0.0

Home Size

SIZE OF North Dakota HOMES
No Bedroom 2.49
1 Bedroom 10.43
2 Bedrooms 29.17
3 Bedrooms 32.04
4 Bedrooms 18.35
5 or more bedrooms 7.52