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 a population of 24,979, 10,247 total housing units (homes and apartments), and a median house value of $333,756, Dickinson real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Dickinson, accounting for 51.88% of the city's housing units. Other types of housing that are prevalent in Dickinson include large apartment complexes or high rise apartments ( 31.28%), duplexes, homes converted to apartments or other small apartment buildings ( 6.25%), and a few row houses and other attached homes ( 6.09%).
The most prevalent building size and type in Dickinson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.30% owning and 43.70% renting.
Dickinson homes and real estate are some of the newest in America. 40.17% of Dickinson's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Dickinson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.99%), and between 1940-1969 ( 16.18%). There's also some housing in Dickinson built before 1939 ( 7.66%).
Vacant housing appears to be an issue in Dickinson. Fully 12.61% of the housing stock is classified as vacant. Left unchecked, vacant Dickinson homes and apartments can be a drag on the real estate market, holding Dickinson 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Dickinson, where house values have increased just 26.30%, which is annualized rate of 2.36%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Dickinson that despite a nationwide downturn in the housing market, Dickinson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dickinson appreciation rates continue to be some of the highest in America, at 8.63%, which is higher than appreciation rates in 77.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dickinson. Dickinson appreciation rates in the latest quarter were at 5.16%, which equates to an annual appreciation rate of 22.29%.
Importantly, this makes Dickinson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to North Dakota, our data show that Dickinson's latest annual appreciation rate is lower than 70% of the other cities and towns in North Dakota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dickinson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dickinson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dickinson real estate investment or home purchase decisions.
$333,756
for North dakota
for nation
10,247
$1,470 / per month