The housing market in New Leipzig, ND is significantly lower than the national average. The median value for homes in New Leipzig is $82,000, while the US House median value is at $338,100. Despite this gap in prices, the appreciation rate in these areas remain relatively close. The US House 1 year appreciation rate is 8.27%, with a 6.75% increase of housing values in New Leipzig over the same period of time. This indicates that New Leipzig may still offer an opportunity for potential buyers to invest in a home that offers a steady return on their investment.
The median home cost in New Leipzig is $82,000. Home appreciation the last 10 years has been 60.8%. Home Appreciation in New Leipzig is up 10.9%.
Average Age of Homes
- The median age of New Leipzig real estate is 50 years old
The Rental Market in New Leipzig
- Renters make up 9.2% of the New Leipzig population
- 0.0% of houses and apartments in New Leipzig, 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.