Drake, ND Foreclosures
How much do homes sell for in Drake, ND?
The average home price is currently $101,028.
In Drake, ND, how many homes are available?
There are currently 3 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 $461,062.
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 is a quaint community located in north-central North Dakota. With a friendly atmosphere and strong agricultural roots, it offers residents a peaceful small-town lifestyle. The surrounding North Dakota plains provide a beautiful backdrop for outdoor activities, making it an ideal spot for families and those looking for a quieter life away from the hustle and bustle of larger cities.
Current Market Conditions in Drake, ND
The real estate market in Drake is stable, with a mix of single-family homes and agricultural properties available. Most homes attract buyers looking for affordable living options in a rural setting. The community has seen a modest increase in property values as more people seek out the tranquility of small-town living, which indicates a growing interest in the area.
There has also been a trend toward renovations and upgrades of existing homes, as residents invest in maintaining the charm and character of their properties. Homes available often come with larger lots, allowing for gardening and outdoor activities, appealing to families and retirees alike.
Home Value Estimator For Drake, ND
There are currently 101 real estate properties
in Drake, ND,
with a median automated valuation model (AVM) price
of $76,870.00. 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 $101,028.00, with the most expensive house
in Drake, ND, topping out
at $461,062.00 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
