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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,182 people, 3,272 houses or apartments, and a median cost of homes of $211,369, house prices in Devils Lake are solidly below the national average.
Single-family detached homes are the single most common housing type in Devils Lake, accounting for 45.25% of the city's housing units. Other types of housing that are prevalent in Devils Lake include large apartment complexes or high rise apartments ( 25.17%), duplexes, homes converted to apartments or other small apartment buildings ( 18.62%), and a few mobile homes or trailers ( 7.50%).
People in Devils Lake primarily live in small (one, two or no bedroom) single-family detached homes. Devils Lake has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Devils Lake 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 Devils Lake built between 1940-1969 ( 31.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.51%). There's also some housing in Devils Lake built before 1939 ( 12.43%).
Vacant housing appears to be an issue in Devils Lake. Fully 14.21% of the housing stock is classified as vacant. Left unchecked, vacant Devils Lake homes and apartments can be a drag on the real estate market, holding Devils Lake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Devils Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Devils Lake during the period has been just 4.58%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Devils Lake's appreciation rate, at 6.82%, has been at or slightly above the national average. In the latest quarter, Devils Lake's appreciation rate has been -0.21%, which annualizes to a rate of -0.84%.
Relative to North Dakota, our data show that Devils Lake's latest annual appreciation rate is higher than 70% of the other cities and towns in North Dakota.
$948 / per month