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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$183,051

Number Of Homes And Apartments:
305,163

North Dakota Home Prices

Value Range
> $1,107,668 0.5
$830,820 - $1,107,668 0.6
$554,001 - $830,819 1.9
$443,283 - $554,000 3.2
$332,473 - $443,282 8.8
$221,540 - $332,472 23.2
$110,868 - $221,539 34.6
$55,418 - $110,867 15.2
$0 - $55,417 12.0

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
-0.61% -2.42%
1
Last 12 Months:
2017 Q3 - 2018 Q3
0.97% 0.97%
1
Last 2 Years:
2016 Q3 - 2018 Q3
2.85% 1.41%
1
Last 5 Years:
2013 Q3 - 2018 Q3
18.91% 3.52%
4
Last 10 Years:
2008 Q3 - 2018 Q3
49.77% 4.12%
10
Since 2000:
2000 Q1 - 2018 Q3
132.35% 4.66%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 61.26
Renters 38.74
Vacant 12.84

Housing Details

Age of Homes

AGE OF North Dakota HOMES
2000 or Newer 20.1
1970 - 1999 41.8
1940 - 1969 23.6
1939 or Older 14.5

Types of Homes

TYPE OF North Dakota HOMES
Single-Family 59.1
Townhomes 5.4
Small Apt. Buildings 6.0
Apt. Complexes 21.7
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF North Dakota HOMES
No Bedroom 2.00
1 Bedroom 10.18
2 Bedrooms 29.55
3 Bedrooms 32.70
4 Bedrooms 18.38
5 or more bedrooms 7.19