The housing median value in North Dakota State is significantly lower than the US House median value, which is $338,100. However, house appreciation in North Dakota State is still positive at 6.23%, compared to the national 1 year house appreciation of 8.27%. This shows that although the overall housing market may be more expensive nationally, North Dakota still offers a relatively affordable investment for those looking to purchase property.
The median home cost in North Dakota is $240,700. Home appreciation the last 10 years has been 62.2%. Home Appreciation in North Dakota is up 10.8%.
Average Age of Homes
- The median age of North Dakota real estate is 40 years old
The Rental Market in North Dakota
- Renters make up 30.7% of the North Dakota population
- 3.6% of houses and apartments in North Dakota, 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.