Powers Lake, ND is a relatively affordable housing market compared to the US average. The median value of a house in Powers Lake is $193,100, which is much lower than the US median value of $338,100. However, the one year appreciation rate for houses in Powers Lake was 9.41%, higher than the 8.27% national average. This indicates that Powers Lake is an ideal place to invest in real estate with potential for a solid return on investment.
The median home cost in Powers Lake is $193,100. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Powers Lake is up 10.5%.
Average Age of Homes
- The median age of Powers Lake real estate is 66 years old
The Rental Market in Powers Lake
- Renters make up 38.6% of the Powers Lake population
- 5.1% of houses and apartments in Powers Lake, 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.