Springbrook, ND is a small town with a population of roughly 1,500 people. Despite its size, the housing market in Springbrook is surprisingly robust. The median value of homes in the area is around $333,000 which is slightly lower than the United States median house value at $338,100. Furthermore, the housing appreciation rate for Springbrook over the past year has been 9.41%, which is higher than the national average of 8.27%. This suggests that Springbrook may be an attractive option for investors looking to enter into real estate investment opportunities.
The median home cost in Springbrook is $333,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Springbrook is up 10.5%.
Average Age of Homes
- The median age of Springbrook real estate is 38 years old
The Rental Market in Springbrook
- Renters make up 0.0% of the Springbrook population
- 0.0% of houses and apartments in Springbrook, 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.