The housing market in Rhame, ND is currently quite strong. The median value of housing in the area is $93,000, which is much lower than the US average of $338,100. This makes Rhame a great place to own a home and still have plenty of room for appreciation. Over the last year, house appreciation in Rhame was 9.41%, which is higher than the US average of 8.27%. This could be attributed to a combination of factors including economic growth in the area, increased demand for housing due to population growth or low-interest rates making it easier for people to purchase homes. With the current conditions in Rhame and its potential for further appreciation, now could be an ideal time to invest in real estate there.
The median home cost in Rhame is $93,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Rhame is up 10.5%.
Average Age of Homes
- The median age of Rhame real estate is 39 years old
The Rental Market in Rhame
- Renters make up 21.1% of the Rhame population
- 0.0% of houses and apartments in Rhame, 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.