The housing market in New Salem, ND is thriving but still remains below the US median value of $338,100. The median value of homes in New Salem is $177,800 and has seen an appreciation rate over the past year of 6.75%. This is slightly below the US 1 year house appreciation rate of 8.27%, yet still shows a positive trend for homeowners in New Salem.
The median home cost in New Salem is $177,800. Home appreciation the last 10 years has been 60.8%. Home Appreciation in New Salem is up 10.9%.
Average Age of Homes
- The median age of New Salem real estate is 58 years old
The Rental Market in New Salem
- Renters make up 23.2% of the New Salem population
- 0.0% of houses and apartments in New Salem, 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.