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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Valley City, ND Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Valley City, ND Housing Market Trends

With 6,566 people, 3,039 houses or apartments, and a median cost of homes of $210,489, house prices in Valley City are solidly below the national average.

Single-family detached homes are the single most common housing type in Valley City, accounting for 52.44% of the city's housing units. Other types of housing that are prevalent in Valley City include large apartment complexes or high rise apartments ( 30.42%), row houses and other attached homes ( 5.76%), and a few mobile homes or trailers ( 5.69%).

People in Valley City primarily live in small (one, two or no bedroom) single-family detached homes. Valley City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Valley City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Valley City built before 1939 ( 25.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.23%). There's also some housing in Valley City built between 2000 and later ( 13.98%).

Valley City Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Valley City, where house values have increased just 55.27%, which is annualized rate of 4.50%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Valley City appreciation rates have trailed the rest of the nation. In the last twelve months, Valley City's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valley City were at 5.16%, which equates to an annual appreciation rate of 22.29%.

Importantly, this makes Valley City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Dakota, our data show that Valley City's latest annual appreciation rate is lower than 80% of the other cities and towns in North Dakota.

Average Home Values

Median Home Value

$210,489

Valley City, ND Home Prices
> $1,217,000
$913,001 - $1,217,000
$609,001 - $913,000
$487,001 - $609,000
$365,001 - $487,000
$243,001 - $365,000
$122,001 - $243,000
$61,001 - $122,000
$0 - $61,000
0.4%
0.4%
0.5%
0.5%
2.7%
2.7%
1.4%
1.4%
5.0%
5.0%
20.7%
20.7%
41.4%
41.4%
20.0%
20.0%
8.0%
8.0%
0% 100.0%
% of Homes
Average

for North dakota

Low

for nation

Number of Homes And Apartments:

3,039

Valley City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,277 / per month

Homeownership Rate

Owners
Renters
57.9%
57.9%
42.1%
42.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.0%
14.0%
37.4%
37.4%
23.2%
23.2%
25.4%
25.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.4%
52.4%
5.8%
5.8%
5.7%
5.7%
30.4%
30.4%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
14.8%
14.8%
37.6%
37.6%
23.5%
23.5%
17.5%
17.5%
5.5%
5.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Valley City

Popular Communities Near Valley City, ND

Zip Codes in Valley City, ND