The housing market in Island Park, ND is quite remarkable. The median value of houses is $176,300, much lower than the US house median value of $338,100. However, the one-year house appreciation rate in Island Park is considerably higher than the US average at 12.36%, compared to 8.27%. This makes Island Park an attractive option for potential homeowners seeking to purchase a property at a lower cost with a larger return on their investment.
The median home cost in Island Park is $176,300. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Island Park is up 13.5%.
Average Age of Homes
- The median age of Island Park real estate is 53 years old
The Rental Market in Island Park
- Renters make up 15.5% of the Island Park population
- 0.0% of houses and apartments in Island Park, 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.