Wahpeton, 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

Wahpeton, ND Housing Market Trends

With a population of 7,734, 3,275 total housing units (homes and apartments), and a median house value of $156,051, house prices in Wahpeton are solidly below the national average.

Single-family detached homes are the single most common housing type in Wahpeton, accounting for 40.77% of the city's housing units. Other types of housing that are prevalent in Wahpeton include large apartment complexes or high rise apartments ( 38.98%), row houses and other attached homes ( 6.82%), and a few mobile homes or trailers ( 6.60%).

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

There is a lot of housing in Wahpeton 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 Wahpeton built between 1940-1969 ( 26.77%). A lesser amount of the housing stock also hails from before 1939 ( 12.27%). There's also some housing in Wahpeton built between 2000 and later ( 10.15%).

Wahpeton Home Appreciation Rates

Wahpeton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wahpeton during the period has been just 2.71%, which is lower than 70% of US communities.

Over the last year, Wahpeton appreciation rates have trailed the rest of the nation. In the last twelve months, Wahpeton's appreciation rate has been 3.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wahpeton were at -0.11%, which equates to an annual appreciation rate of -0.42%.

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

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

Average Home Values

 

Median Home Value:
$156,051

Wahpeton, ND HOME PRICES

> $1,083,000
0.7%
0.7%
$812,001 - $1,083,000
1.2%
1.2%
$542,001 - $812,000
0.8%
0.8%
$433,001 - $542,000
0.7%
0.7%
$325,001 - $433,000
3.1%
3.1%
$217,001 - $325,000
11.7%
11.7%
$109,001 - $217,000
46.8%
46.8%
$54,001 - $109,000
20.6%
20.6%
$0 - $54,000
14.4%
14.4%
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:
3,275

Wahpeton 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
70.03% 2.50%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Owners
44.0%
44.0%
Renters
56.0%
56.0%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.2%
10.2%
1970 - 1999
50.8%
50.8%
1940 - 1969
26.8%
26.8%
1939 or Older
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
40.8%
40.8%
Townhomes
6.8%
6.8%
Small Apt. Buildings
6.6%
6.6%
Apt. Complexes
39.0%
39.0%
Mobile Homes
6.6%
6.6%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
10.6%
10.6%
2 Bedrooms
39.6%
39.6%
3 Bedrooms
28.8%
28.8%
4 Bedrooms
15.8%
15.8%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Wahpeton

Popular Communities Near Wahpeton, ND

Zip Codes in Wahpeton, ND