Wood Lake, ND has an impressive median housing value of $297,900. This is slightly lower than the US median house value of $338,100 but what makes Wood Lake special is that it has a higher appreciation rate over the last year at 9.41%, compared to the US 1 year house appreciation rate of 8.27%. This means that people in Wood Lake, ND are seeing more and more value out of their homes. With a strong appreciation rate and an already high median home value, Wood Lake is an attractive place to invest in real estate.
The median home cost in Wood Lake is $297,900. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Wood Lake is up 10.5%.
Average Age of Homes
- The median age of Wood Lake real estate is 36 years old
The Rental Market in Wood Lake
- Renters make up 22.0% of the Wood Lake population
- 0.7% of houses and apartments in Wood 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.