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 Q2 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:
$180,742

Number Of Homes And Apartments:
305,163

North Dakota Home Prices

Value Range
> $1,096,745 0.5
$822,506 - $1,096,745 0.6
$548,358 - $822,505 1.9
$438,504 - $548,357 3.2
$328,987 - $438,503 8.8
$219,372 - $328,986 23.2
$109,650 - $219,371 34.6
$54,942 - $109,649 15.2
$0 - $54,941 12.0

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
1.99% 8.18%
5
Last 12 Months:
2017 Q2 - 2018 Q2
2.63% 2.63%
1
Last 2 Years:
2016 Q2 - 2018 Q2
4.91% 2.42%
1
Last 5 Years:
2013 Q2 - 2018 Q2
23.89% 4.38%
6
Last 10 Years:
2008 Q2 - 2018 Q2
50.87% 4.20%
10
Since 2000:
2000 Q1 - 2018 Q2
134.09% 4.77%
10
* 10 is highest


Rent & Homeownership

Average Market Rent:
$914 / 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