The housing market in Balfour, ND has been very strong over the past year with a median value of $124,700 and an appreciation rate of 9.41%. This is slightly higher than the US average of 8.27% and significantly lower than the US median house value of $338,100. Despite the lower median value, the Balfour housing market is still outperforming most other areas across the country.
The median home cost in Balfour is $124,700. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Balfour is up 10.5%.
Average Age of Homes
- The median age of Balfour real estate is 78 years old
The Rental Market in Balfour
- Renters make up 12.5% of the Balfour population
- 0.0% of houses and apartments in Balfour, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.