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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.



Wahpeton, 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

Wahpeton, ND Housing Market Trends

With 8,014 people, 3,299 houses or apartments, and a median cost of homes of $284,691, Wahpeton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Wahpeton, accounting for 46.25% of the city's housing units. Other types of housing that are prevalent in Wahpeton include large apartment complexes or high rise apartments ( 39.69%), duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), and a few row houses and other attached homes ( 5.59%).

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

There is a lot of housing in Wahpeton 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 Wahpeton built between 1940-1969 ( 28.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.45%). There's also some housing in Wahpeton built before 1939 ( 9.03%).

Wahpeton Home Appreciation Rates

Real estate appreciation rates in Wahpeton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.

Appreciation rates are so strong in Wahpeton that despite a nationwide downturn in the housing market, Wahpeton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wahpeton appreciation rates continue to be some of the highest in America, at 11.57%, which is higher than appreciation rates in 92.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wahpeton. Wahpeton appreciation rates in the latest quarter were at 5.16%, which equates to an annual appreciation rate of 22.29%.

Importantly, this makes Wahpeton 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 Wahpeton's latest annual appreciation rate is higher than 90% of the other cities and towns in North Dakota.

Average Home Values

Median Home Value

$284,691

Wahpeton, ND Home Prices
> $1,417,000
$1,063,001 - $1,417,000
$709,001 - $1,063,000
$567,001 - $709,000
$425,001 - $567,000
$284,001 - $425,000
$142,001 - $284,000
$70,001 - $142,000
$0 - $70,000
0.7%
0.7%
1.0%
1.0%
1.2%
1.2%
4.6%
4.6%
6.7%
6.7%
23.3%
23.3%
34.8%
34.8%
20.7%
20.7%
7.1%
7.1%
0% 100.0%
% of Homes
High

for North dakota

Average

for nation

Number of Homes And Apartments:

3,299

Wahpeton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,182 / per month

Homeownership Rate

Owners
Renters
40.9%
40.9%
59.1%
59.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.3%
8.3%
91.7%
91.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.5%
15.5%
46.6%
46.6%
28.9%
28.9%
9.0%
9.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.2%
46.2%
5.6%
5.6%
6.6%
6.6%
39.7%
39.7%
1.9%
1.9%
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
1.7%
1.7%
12.4%
12.4%
35.4%
35.4%
27.3%
27.3%
16.3%
16.3%
6.8%
6.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Wahpeton

Popular Communities Near Wahpeton, ND

Zip Codes in Wahpeton, ND