Gibbs, ND is an area with a high median value of housing when compared to the US as whole. The median value of a house in Gibbs is currently $526,700 while the US median value for a house is only $338,100. Additionally, the rate of appreciation for houses in Gibbs was 6.75%, lower than the national average of 8.27%. This indicates that housing prices in Gibbs have risen at a slower rate than in most other areas and may be a good investment for those looking to purchase real estate.
The median home cost in Gibbs is $526,700. Home appreciation the last 10 years has been 60.8%. Home Appreciation in Gibbs is up 10.9%.
Average Age of Homes
- The median age of Gibbs real estate is 16 years old
The Rental Market in Gibbs
- Renters make up 0.8% of the Gibbs population
- 0.0% of houses and apartments in Gibbs, 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.