The housing market in St. Thomas, ND is much more affordable than the average US market, with a median value of $68,800 compared to the US median value of $338,100. Despite this affordability, the housing in St. Thomas has still seen an appreciation rate of 7.60% in the last year which is only slightly lower than the national 1 year appreciation rate of 8.27%. Overall, St. Thomas provides a reasonable and less expensive option for home buyers looking for an affordable place to live with still relatively decent appreciation value.
The median home cost in St. Thomas is $68,800. Home appreciation the last 10 years has been 61.5%. Home Appreciation in St. Thomas is up 9.6%.
Average Age of Homes
- The median age of St. Thomas real estate is 51 years old
The Rental Market in St. Thomas
- Renters make up 19.1% of the St. Thomas population
- 3.1% of houses and apartments in St. Thomas, 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.