Valley City, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Valley City Neighborhoods Since 2000




Valley City, ND Real Estate 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Valley City Housing Market Information

With a population of 6,669, 3,136 total housing units (homes and apartments), and a median house value of $138,382, house prices in Valley City are solidly below the national average.

Single-family detached homes are the single most common housing type in Valley City, accounting for 59.88% of the city's housing units. Other types of housing that are prevalent in Valley City include large apartment complexes or high rise apartments ( 22.14%), duplexes, homes converted to apartments or other small apartment buildings ( 10.96%), and a few mobile homes or trailers ( 4.94%).

People in Valley City primarily live in small (one, two or no bedroom) single-family detached homes. Valley City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Valley City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Valley City built between 1940-1969 ( 29.06%). A lesser amount of the housing stock also hails from before 1939 ( 28.72%). There's also some housing in Valley City built between 2000 and later ( 6.45%).

Valley City Home Appreciation Rates

In the last 10 years, Valley City has experienced some of the highest home appreciation rates of any community in the nation. Valley City real estate appreciated 39.20% over the last ten years, which is an average annual home appreciation rate of 3.36%, putting Valley City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Valley City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Valley City's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, Valley City's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Valley City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Dakota, our data show that Valley City's latest annual appreciation rate is lower than 70% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$138,382

Valley City, ND HOME PRICES

Value Range
> $1,161,000 0.0
$871,001 - $1,161,000 1.3
$580,001 - $871,000 0.0
$464,001 - $580,000 0.1
$348,001 - $464,000 1.4
$232,001 - $348,000 10.5
$116,001 - $232,000 29.9
$58,001 - $116,000 38.2
$0 - $58,000 18.6

Average for ND
Average for Nation

Value Relative to Nation Value Relative to State
55.543185280675 42.4778761061947

Number Of Homes And Apartments:
3,136

Valley City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
99.23% 4.08% 2 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,009 / per month

Homeownership Rate

Homeownership
Owners 52.34
Renters 47.66
Vacant 3.15

Housing Market Details

 

Age of Homes

AGE OF Valley City HOMES
2000 or Newer 6.5
1970 - 1999 35.8
1940 - 1969 29.1
1939 or Older 28.7

Types of Homes

TYPE OF Valley City HOMES
Single-Family 59.9
Townhomes 2.1
Small Apt. Buildings 11.0
Apt. Complexes 22.1
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Valley City HOMES
No Bedroom 0.93
1 Bedroom 16.68
2 Bedrooms 32.12
3 Bedrooms 29.25
4 Bedrooms 16.86
5 or more bedrooms 4.17

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Zip Codes in Valley City, ND