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Video Guide on North Dakota Real Estate management

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Commonly Asked Questions about North Dakota Real Estate

No matter where youre moving to in North Dakota, youll need to be prepared for the cold. The average annual temperature is only between 37 F and 43 F, and the state sees around 50 days below zero each year. These extreme temperatures dont seem to dampen North Dakotans enthusiasm for the great outdoors, though.
As of June 2024, the median home price in ND on single-family homes is $299,900. The median single-family home value for properties over the last 12 months is $253,116. Currently, the State of North Dakota has 27 properties in foreclosure and 2 REOs (real estate bank owned).
Winter in North Dakota is characterized by cold (below freezing) temperatures and snowfall. Snow is the main form of winter precipitation, but freezing rain, ice, sleet, and sometimes even rain are all possible during the winter months.
The cost of living in North Dakota is 5% lower than the national average. Housing is 16% lower than the national average, while utilities are 1% lower. When it comes to basic necessities such as food and clothing, groceries are around 1% lower than in the rest of the country, while clothing costs 1% lower.
North Dakota is a family-friendly state to live in. One of the advantages is its relatively low cost of living and high quality of life. The Peace Garden State is at peace with its crazy-cold winters and routinely ranks as one of the happiest.
Pro: Affordable cost of living. Pro: Low income tax. Con: Living in North Dakota may feel isolating. Pro: Scenic natural landscapes. Con: Harsh winters. Pro: Friendly residents. Con: Long travel times. Pro: Great food options.
The most expensive farmland in North Dakota remains in the southern Red River Valley region at an average of $5,494 per acre while the least costly is in the northwestern region at $1,399 per acre.