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Preforeclosure Homes in Park River, ND

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Living in Park River, ND

Park River is a small, charming community in northeastern North Dakota, known for its friendly atmosphere and beautiful surroundings. With a population of around 1,500, this town offers a tight-knit community feel and easy access to outdoor activities. Families appreciate the local schools and parks, making it an ideal location for those seeking a quieter lifestyle while enjoying the beauty of the North Dakota plains.

Current Market Conditions in Park River, ND

The real estate market in Park River has remained stable over the past year, with a slight increase in home values due to demand among families and individuals seeking a quieter lifestyle. Homes are being bought promptly, indicating a healthy interest in the community from potential buyers.

Inventory levels are relatively low, leading to some competition among buyers. This trend could lead to a modest appreciation in home values as the market continues to attract new residents, looking for affordable housing options and a strong community.

There is also an increasing trend of people moving to Park River from urban areas that are seeking more space and a slower pace of life which has started to influence both the pricing and variety of homes available.

Home Value Estimator For Park River, ND

There are currently 526 real estate properties in Park River, ND, with a median automated valuation model (AVM) price of $175,858.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Park River, 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 Park River, ND, is $180,919.00, with the most expensive house in Park River, ND, topping out at $1,038,484.00 and the cheapest home in Park River, ND, clocking in at $10,490.00. In other words, there’s something for every potential homebuyer or savvy investor in Park River, ND!

Rent Prices In Park River, ND

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Park River, ND, is on a rollercoaster ride. The average rent price in Park River, ND, is $1,021.00. Indeed, when looking to rent in Park River, ND, you can expect to pay as little as $640.00 or as much as $1,800.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Park River, 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.

Park River, ND Preforeclosure Homes


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