The housing market in Park River, ND is quite affordable compared to the national average, with median value at $144,500. In comparison, the US House Median Value is $338,100. Despite being more affordable than the national average, the 1-year house appreciation in Park River reflects a 7.60% increase compared to the US 1 year House Appreciation of 8.27%. This indicates that Park River's housing market is still strong despite its relatively low prices and demonstrates further potential for growth in the area.
The median home cost in Park River is $144,500. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Park River is up 9.6%.
Average Age of Homes
- The median age of Park River real estate is 53 years old
The Rental Market in Park River
- Renters make up 28.1% of the Park River population
- 3.5% of houses and apartments in Park River, 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.