The housing market in Spring Grove, ND is performing well, with the median value of homes standing at $102,000. This is significantly lower than the US median value of $338,100, however the 1 year appreciation rate for houses in Spring Grove is 9.41%, which is higher than the US average of 8.27%. This suggests that there may be good long-term potential for investors looking to buy property in Spring Grove.
The median home cost in Spring Grove is $102,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Spring Grove is up 10.5%.
Average Age of Homes
- The median age of Spring Grove real estate is 56 years old
The Rental Market in Spring Grove
- Renters make up 10.3% of the Spring Grove population
- 0.0% of houses and apartments in Spring Grove, 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.