Property for sale in North Dakota
The State borders east with Minnesota, divided by the course of the Northern Red River; to the south lies the South Dakota; to the west is Montana, while to the north are the Canadian provinces of Saskatchewan and Manitoba.
North Dakota is the 19th largest state and it has a landscape mostly covered in the great plains. Such a large state there should be many properties for sale in North Dakota and its real estate market should be rich. However, with so much wildlife you can expect most of them to be in the countryside or in metropolitan areas.
The North Dakota real estate market in 2017 started at record highs, which often offer good prospects for the following year.
To understand the real estate market in any state, it is useful to take a closer look at which trends influence so you can determine what will happen next.
The factors that affect the real estate market in North Dakota 2018 are first and foremost the unemployment rate determine whether or not people will be able to afford to buy property for sale in North Dakota. The current unemployment rate of North Dakota is 3.4%, which is below the national average and it is an element that positively affects the real estate market.
Among the best places to live in North Dakota there are three cities that stand out from the others: Fargo, Grand Forks and Bismarck
Fargo is popular for both a movie and a television series named for this largest city in the state. In Fargo there is the North Dakota State University and therefore the North Dakota property market in Fargo offers student accommodation, but also an innumerable of homes awaiting purchase. Fargo house prices are a bit down from the previous year and are expected to increase by some percentage points by the end of 2018.
Grand Forks offers another excellent place to live. It is the 3rd largest city in the state, with a population of about 52,838 residents. A perfect place for families and college students as Grand Forks where there is the University of North Dakota. With an Air Force Base in the area, the army is one of the largest labour markets in this area. There have been no changes in the real estate market in Grand Forks over the last year, and we do not expect much of a change for the next year.
Bismarck is the state capital. As the 2nd largest city in the state, it offers a lot for people who choose to live there and who want property for sale in North Dakota. The average value of houses in Bismarck has fallen by 0.6% since the beginning of 2017. Foreclosure rates remain low in this sector and will remain so.
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