Drake, ND Housing


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The housing in Drake, ND is quite affordable compared to the US median value of $338,100. The median value of housing in Drake is $85,900, which is considerably lower than the national median. Furthermore, it should be noted that the 1 year appreciation rate for houses in Drake stands at 9.41%, which is greater than the US average of 8.27%. Therefore, investments in real estate within Drake can potentially yield better returns than those found on a national level.

The median home cost in Drake is $85,900. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Drake is up 10.5%.

Average Age of Homes
- The median age of Drake real estate is 77 years old
The Rental Market in Drake
- Renters make up 15.0% of the Drake population
- 0.0% of houses and apartments in Drake, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingDrake, North DakotaUnited States
  204.0139,647,020.0
  7542
  $85,900$338,100
  10.5%16.6%
  26.7%57.0%
  51.1%101.1%
  $7.25$10.98
  $465$2,690
  66.7%57.4%
  23.5%11.2%
  9.8%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  4.4%0.7%
  0.0%0.4%
  3.9%3.6%
  15.2%4.1%
  Value of Owner-Occupied Housing
  11.8%2.6%
  16.2%2.4%
  8.8%2.8%
  28.7%3.9%
  16.9%4.5%
  5.9%11.3%
  5.1%13.0%
  0.7%20.1%
  0.0%13.6%
  0.7%8.3%
  5.1%9.7%
  0.0%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  0.0%13.6%
  0.0%13.6%
  3.4%13.6%
  7.8%13.2%
  7.4%14.8%
  3.4%13.6%
  14.2%10.0%
  21.6%4.7%
  37.3%12.2%
Commute
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