The housing market in 58790 Velva, ND has been doing well over the past year with a median value of $182,500 for houses. This is significantly lower than the national average of $338,100, but the 1-year appreciation rate is 9.41%, which is slightly higher than the US average of 8.27%. This means that over the last year, the housing market in Velva has seen an increase in value and residents have seen good returns on their investments. These solid numbers point to a strong and stable housing market in this North Dakota city.
The median home cost in Velva (zip 58790) is $182,500. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Velva (zip 58790) is up 10.5%.
Average Age of Homes
- The median age of Velva (zip 58790) real estate is 55 years old
The Rental Market in Velva (zip 58790)
- Renters make up 28.6% of the Velva (zip 58790) population
- 4.1% of houses and apartments in Velva (zip 58790), 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.