Washburn, ND is a small town with a population of just 1,850. Despite its size, the housing market in Washburn is thriving. The median value of homes in the area is currently $209,300, which is significantly lower than the US median value of $338,100. However, despite this discrepancy in values, Washburn has still seen an impressive appreciation rate of 6.75% in the last year compared to the national average of 8.27%. This shows that people are willing to invest in Washburn real estate and provides an excellent opportunity for potential homebuyers who want to get into the market at an affordable price.
The median home cost in Washburn is $209,300. Home appreciation the last 10 years has been 60.8%. Home Appreciation in Washburn is up 10.9%.
Average Age of Homes
- The median age of Washburn real estate is 43 years old
The Rental Market in Washburn
- Renters make up 23.2% of the Washburn population
- 2.5% of houses and apartments in Washburn, 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.