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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 7,899 people, 3,205 houses or apartments, and a median cost of homes of $151,295, Wahpeton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Wahpeton, accounting for 48.84% of the city's housing units. Other types of housing that are prevalent in Wahpeton include large apartment complexes or high rise apartments ( 35.98%), duplexes, homes converted to apartments or other small apartment buildings ( 6.29%), and a few mobile homes or trailers ( 4.84%).
People in Wahpeton primarily live in small (one, two or no bedroom) single-family detached homes. Wahpeton has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Wahpeton 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 Wahpeton built between 1940-1969 ( 28.54%). A lesser amount of the housing stock also hails from before 1939 ( 14.39%). There's also some housing in Wahpeton built between 2000 and later ( 7.41%).
Vacant housing appears to be an issue in Wahpeton. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Wahpeton homes and apartments can be a drag on the real estate market, holding Wahpeton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Wahpeton has experienced some of the highest home appreciation rates of any community in the nation. Wahpeton real estate appreciated 21.57% over the last ten years, which is an average annual home appreciation rate of 1.97%, putting Wahpeton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wahpeton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Wahpeton that despite a nationwide downturn in the housing market, Wahpeton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wahpeton appreciation rates continue to be some of the highest in America, at 7.21%, which is higher than appreciation rates in 82.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wahpeton. Wahpeton appreciation rates in the latest quarter were at 3.17%, which equates to an annual appreciation rate of 13.29%.
Importantly, this makes Wahpeton 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 Wahpeton's latest annual appreciation rate is higher than 90% of the other cities and towns in North Dakota.
|$870,001 - $1,160,000||0.0|
|$580,001 - $870,000||0.2|
|$464,001 - $580,000||1.0|
|$348,001 - $464,000||4.2|
|$232,001 - $348,000||8.5|
|$116,001 - $232,000||34.9|
|$58,001 - $116,000||33.9|
|$0 - $58,000||17.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Wahpeton HOMES|
|2000 or Newer||7.4|
|1970 - 1999||49.7|
|1940 - 1969||28.5|
|1939 or Older||14.4|
|TYPE OF Wahpeton HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Wahpeton HOMES|
|5 or more bedrooms||3.58|