North Dakota
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






North Dakota Real Estate Market & Appreciation

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$204,297

Number Of Homes And Apartments:
318,322

North Dakota Home Prices

> $1,073,231
0.8%
0.8%
$804,942 - $1,073,231
0.7%
0.7%
$536,557 - $804,941
3.2%
3.2%
$429,260 - $536,556
4.3%
4.3%
$321,896 - $429,259
11.5%
11.5%
$214,623 - $321,895
25.8%
25.8%
$107,223 - $214,622
31.7%
31.7%
$53,812 - $107,222
12.1%
12.1%
$0 - $53,811
10.0%
10.0%
0.0% 100.0%
% OF HOMES

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
1.23% 5.03%
1
Last 12 Months:
2019 Q4 - 2020 Q4
2.98% 2.98%
1
Last 2 Years:
2018 Q4 - 2020 Q4
6.45% 3.18%
1
Last 5 Years:
2015 Q4 - 2020 Q4
10.94% 2.10%
1
Last 10 Years:
2010 Q4 - 2020 Q4
51.26% 4.23%
8
Since 2000:
2000 Q1 - 2020 Q4
144.62% 4.41%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$905 / per month

Homeownership Rate

Owners
60.3%
60.3%
Renters
39.7%
39.7%
Vacant
14.7%
14.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
26.2%
26.2%
1970 - 1999
39.0%
39.0%
1940 - 1969
22.0%
22.0%
1939 or Older
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.2%
57.2%
Townhomes
5.6%
5.6%
Small Apt. Buildings
5.8%
5.8%
Apt. Complexes
24.3%
24.3%
Mobile Homes
7.1%
7.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
10.3%
10.3%
2 Bedrooms
29.1%
29.1%
3 Bedrooms
31.9%
31.9%
4 Bedrooms
18.5%
18.5%
5 or more bedrooms
7.6%
7.6%
0.0% 100.0%
% OF HOMES