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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$190,164

Number Of Homes And Apartments:
311,525

North Dakota Home Prices

Value Range
> $1,069,847 0.6
$802,256 - $1,069,847 0.6
$534,997 - $802,255 2.5
$428,102 - $534,996 3.5
$321,001 - $428,101 9.9
$214,001 - $321,000 24.0
$107,066 - $214,000 33.6
$53,571 - $107,065 14.1
$0 - $53,570 11.3

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q1 - 2019 Q2
2.40% 9.95%
8
Last 12 Months:
2018 Q2 - 2019 Q2
2.64% 2.64%
1
Last 2 Years:
2017 Q2 - 2019 Q2
4.93% 2.44%
1
Last 5 Years:
2014 Q2 - 2019 Q2
17.27% 3.24%
2
Last 10 Years:
2009 Q2 - 2019 Q2
51.55% 4.25%
9
Since 2000:
2000 Q1 - 2019 Q2
138.83% 4.63%
10
* 10 is highest

Rent & Homeownership

Average Market Rent:
$950 / per month

Homeownership Rate

Homeownership
Owners 61.02
Renters 38.98
Vacant 13.62

Housing Details

Age of Homes

AGE OF North Dakota HOMES
2000 or Newer 22.5
1970 - 1999 40.8
1940 - 1969 23.0
1939 or Older 13.7

Types of Homes

TYPE OF North Dakota HOMES
Single-Family 58.2
Townhomes 5.5
Small Apt. Buildings 6.1
Apt. Complexes 22.6
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF North Dakota HOMES
No Bedroom 2.34
1 Bedroom 10.20
2 Bedrooms 29.35
3 Bedrooms 32.29
4 Bedrooms 18.29
5 or more bedrooms 7.54