Drake, ND Foreclosures
How much do homes sell for in Drake, ND?
The average home price is currently $109,516.
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 $540,644.
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, ND, is a charming small town that offers a peaceful rural lifestyle surrounded by scenic landscapes. It's a wonderful place for families, with good schools and a welcoming community. Outdoor enthusiasts will enjoy the natural beauty and recreational activities available in the area.
Current Market Conditions in Drake, ND
The current real estate market in Drake, ND, is relatively stable, with a moderate demand for homes as families and individuals seek the tranquility of rural living. Properties tend to have a unique charm, with many older homes mixed with new builds, catering to diverse buyer needs.
Growing trends indicate an increased interest in small-town living as more people look for affordability and community-oriented environments in the wake of urban migration.
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 $85,965.00. 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 $109,516.00, with the most expensive house
in Drake, ND, topping out
at $540,644.00 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.
Learn more on Foreclosure homes
