Housing in Lenora, ND is highly affordable when compared to the national average. The median value of homes in the area is $127,100, which is significantly lower than the US house median value of $338,100. The 1-year house appreciation rate for the US is 8.27%, while in Lenora it's slightly lower at 7.60%. This means that homeowners can expect to see their home values rise over time, although at a slightly slower rate than other parts of the country. Despite this slower growth, Lenora remains an attractive and affordable housing market for those looking to buy or invest in real estate.
The median home cost in Lenora is $127,100. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Lenora is up 9.6%.
Average Age of Homes
- The median age of Lenora real estate is 49 years old
The Rental Market in Lenora
- Renters make up 0.0% of the Lenora population
- 0.0% of houses and apartments in Lenora, 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.