Drake, ND Foreclosures
Current Market Conditions in in Drake, ND As of February 2026?
Over the past month, the real estate market in Drake has shown a modest increase in home prices, driven by a surge in buyer interest as the summer season approaches. Many families are seeking to settle before the new school year, leading to a competitive but healthy market. Although inventory levels are lower than ideal, homes that are well-maintained and priced right are finding buyers fairly quickly.
How much do homes sell for in Drake, ND?
The average home price is currently $117,325.
In Drake, ND, how many homes are available?
There are currently 1 active home listings available in Drake.
What’s the average rental cost in Drake, ND?
The average rental price in Drake is $1,060.
What is the most expensive home in Drake?
The most expensive home sold in Drake had a price of $564,321.
What is currently the cheapest priced home in Drake, ND?
The cheapest home for sale in Drake is priced at $19,335.
Living in Drake, ND
Drake, North Dakota, is a small and welcoming town that offers a peaceful rural lifestyle with a strong sense of community. Perfect for families and outdoor enthusiasts, it provides access to various recreational activities. The area is also known for its agricultural economy, making it a great location for those involved in farming or related industries.
Buyer vs Seller Market in Drake, ND
Currently, the real estate market in Drake is stable, with moderate demand for homes in the area. The average home prices have shown a slight increase over the last few months, likely due to low inventory and the desirable lifestyle the town offers. Prospective buyers appreciate the affordability of homes versus neighboring areas, which has added to the interest in the market.
The trend for new constructions is also on the rise, as local builders are responding to the growing demand for modern homes that cater to families. Investors are also looking at the possibilities of rental properties in the area as utility costs remain low and the town's economy holds steady.
Home Value Estimator For Drake, ND
There are currently 108 real estate properties
in Drake, ND,
with a median automated valuation model (AVM) price
of $95,059.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Drake, ND, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Drake, ND,
is $117,325.00, with the most expensive house
in Drake, ND, topping out
at $564,321.00 and the cheapest home
in Drake, ND,
clocking in at $19,335.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Drake, ND!
Rent Prices
In Drake, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Drake, ND, is on
a rollercoaster ride. The
average rent price in Drake, ND,
is $1,060.00. Indeed, when looking to rent in
Drake, ND, you can expect to pay as little
as $530.00 or as much
as $1,360.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Drake, ND
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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