Valley City, ND Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Valley City, ND Housing Market Trends

With 6,323 people, 3,193 houses or apartments, and a median cost of homes of $147,541, house prices in Valley City are solidly below the national average.

Single-family detached homes are the single most common housing type in Valley City, accounting for 62.49% of the city's housing units. Other types of housing that are prevalent in Valley City include large apartment complexes or high rise apartments ( 23.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.31%), and a few mobile homes or trailers ( 3.90%).

People in Valley City primarily live in small (one, two or no bedroom) single-family detached homes. Valley City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Valley City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Valley City built between 1940-1969 ( 31.56%). A lesser amount of the housing stock also hails from before 1939 ( 27.81%). There's also some housing in Valley City built between 2000 and later ( 7.83%).

Valley City Home Appreciation Rates

Appreciation rates for homes in Valley City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.16%, which ranks in the top 50% nationwide. This equates to an annual average Valley City house appreciation rate of 3.58%.

Over the last year, Valley City appreciation rates have trailed the rest of the nation. In the last twelve months, Valley City's appreciation rate has been 3.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valley City were at -0.11%, which equates to an annual appreciation rate of -0.42%.

Notably, Valley City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Valley City's latest annual appreciation rate is lower than 90% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$147,541

Valley City, ND HOME PRICES

> $1,080,000
0.4%
0.4%
$810,001 - $1,080,000
0.0%
0.0%
$540,001 - $810,000
0.4%
0.4%
$432,001 - $540,000
1.9%
1.9%
$324,001 - $432,000
2.2%
2.2%
$216,001 - $324,000
14.3%
14.3%
$108,001 - $216,000
41.7%
41.7%
$54,001 - $108,000
28.1%
28.1%
$0 - $54,000
11.0%
11.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for ND

Value Relative To Nation

Number Of Homes And Apartments:
3,193

Valley City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
124.28% 3.83%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Owners
54.0%
54.0%
Renters
46.0%
46.0%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.8%
7.8%
1970 - 1999
32.8%
32.8%
1940 - 1969
31.6%
31.6%
1939 or Older
27.8%
27.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.5%
62.5%
Townhomes
2.9%
2.9%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
23.4%
23.4%
Mobile Homes
3.9%
3.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
14.4%
14.4%
2 Bedrooms
32.9%
32.9%
3 Bedrooms
27.8%
27.8%
4 Bedrooms
18.9%
18.9%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Popular Communities Near Valley City, ND

Zip Codes in Valley City, ND