The housing market in Svea, ND is quite strong compared to the US average. The median value of houses in Svea, ND is $164,800 which is significantly lower than the US median value of $338,100. Despite this discrepancy, the 1-year house appreciation rate in Svea, ND is actually higher than the U.S. average at 9.41% versus 8.27%. This shows that the local economy is very healthy and that there are ample opportunities for investment in real estate in this area.
The median home cost in Svea is $164,800. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Svea is up 10.5%.
Average Age of Homes
- The median age of Svea real estate is 46 years old
The Rental Market in Svea
- Renters make up 29.7% of the Svea population
- 0.0% of houses and apartments in Svea, 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.