The housing market in Forman, ND (58032) is an excellent investment opportunity. The median value of homes in the area is $197,700, which is significantly lower than the US median value of $338,100. Furthermore, the 1 year appreciation rate for homes in Forman is 12.36%, which is much higher than the US average of 8.27%. This makes investing in real estate in Forman a great option for those looking to make a long-term profit. With plenty of opportunities to purchase reasonably priced homes and high appreciation rates, investing in housing in this area could be a wise choice for those looking to make a smart financial decision.
The median home cost in Forman (zip 58032) is $197,700. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Forman (zip 58032) is up 13.5%.
Average Age of Homes
- The median age of Forman (zip 58032) real estate is 44 years old
The Rental Market in Forman (zip 58032)
- Renters make up 29.7% of the Forman (zip 58032) population
- 1.7% of houses and apartments in Forman (zip 58032), 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.