Wahpeton, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wahpeton Neighborhoods Since 2000




Wahpeton, ND Real Estate Data


Wahpeton Housing Market Information

With a population of 7,899, 3,132 total housing units (homes and apartments), and a median house value of $126,980, house prices in Wahpeton are solidly below the national average.

Single-family detached homes are the single most common housing type in Wahpeton, accounting for 52.21% of the city's housing units. Other types of housing that are prevalent in Wahpeton include large apartment complexes or high rise apartments ( 34.39%), duplexes, homes converted to apartments or other small apartment buildings ( 6.39%), and a few row houses and other attached homes ( 3.67%).

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 ( 29.74%). A lesser amount of the housing stock also hails from before 1939 ( 13.42%). There's also some housing in Wahpeton built between 2000 and later ( 6.25%).

Vacant housing appears to be an issue in Wahpeton. Fully 12.22% 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.

Wahpeton Home Appreciation Rates

Appreciation rates for homes in Wahpeton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.70%, which ranks in the top 30% nationwide. This equates to an annual average Wahpeton house appreciation rate of 1.64%.

Over the last year, Wahpeton appreciation rates have trailed the rest of the nation. In the last twelve months, Wahpeton's appreciation rate has been -0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wahpeton were at 1.20%, which equates to an annual appreciation rate of 4.88%.

Relative to North Dakota, our data show that Wahpeton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$126,980

Wahpeton, ND HOME PRICES

Value Range
> $1,103,000 0.0
$827,001 - $1,103,000 0.0
$551,001 - $827,000 0.2
$441,001 - $551,000 3.3
$331,001 - $441,000 2.9
$220,001 - $331,000 8.3
$110,001 - $220,000 38.5
$55,001 - $110,000 31.1
$0 - $55,000 15.8

Average for ND
Low for Nation

Value Relative to Nation Value Relative to State
62.5578263160977 52.212389380531

Number Of Homes And Apartments:
3,132

Rent & Ownership

 

Average Market Rent:
$622 / per month

Homeownership Rate

Homeownership
Owners 50.37
Renters 49.63
Vacant 12.22

Housing Market Details

 

Age of Homes

AGE OF Wahpeton HOMES
2000 or Newer 6.3
1970 - 1999 50.6
1940 - 1969 29.7
1939 or Older 13.4

Types of Homes

TYPE OF Wahpeton HOMES
Single-Family 52.2
Townhomes 3.7
Small Apt. Buildings 6.4
Apt. Complexes 34.4
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Wahpeton HOMES
No Bedroom 1.54
1 Bedroom 9.89
2 Bedrooms 38.14
3 Bedrooms 28.42
4 Bedrooms 15.50
5 or more bedrooms 6.50

Wahpeton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.10% 2.13% 1 5
* 10 is highest

Popular Neighborhoods in Wahpeton

Popular Communities Near Wahpeton, ND

Zip Codes in Wahpeton, ND