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North Dakota
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






North Dakota Real Estate Market & Appreciation

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$246,655

Number Of Homes And Apartments:
320,873

North Dakota Home Prices

> $1,180,459
$885,325 - $1,180,459
$590,280 - $885,324
$472,092 - $590,279
$354,235 - $472,091
$236,149 - $354,234
$118,079 - $236,148
$59,040 - $118,078
$0 - $59,039
0.8%
0.8%
0.9%
0.9%
4.3%
4.3%
4.9%
4.9%
13.5%
13.5%
27.7%
27.7%
28.7%
28.7%
10.6%
10.6%
8.6%
8.6%
0.0% 100.0%
% OF HOMES

North Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q1 - 2022 Q2
5.03% 21.70%
1
Last 12 Months:
2021 Q2 - 2022 Q2
13.03% 13.03%
1
Last 2 Years:
2020 Q2 - 2022 Q2
19.42% 9.28%
1
Last 5 Years:
2017 Q2 - 2022 Q2
25.98% 4.73%
1
Last 10 Years:
2012 Q2 - 2022 Q2
62.16% 4.95%
3
Since 2000:
2000 Q1 - 2022 Q2
182.73% 4.78%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,101 / per month

Homeownership Rate

Owners
Renters
Vacant
60.4%
60.4%
39.6%
39.6%
14.8%
14.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.0%
27.0%
39.0%
39.0%
21.5%
21.5%
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.0%
57.0%
5.8%
5.8%
5.6%
5.6%
24.4%
24.4%
7.1%
7.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
10.1%
10.1%
28.7%
28.7%
31.5%
31.5%
18.5%
18.5%
8.1%
8.1%
0.0% 100.0%
% OF HOMES