Appreciation Velocity — North Dakota Cities
Cities of North Dakota ranked by 1Y / 3Y / 5Y home-price appreciation.
Public Record
Top 10 — 1Y appreciation (Citys)
#1 · Reeder, ND
+384.6%
#2 · New England, ND
+337.5%
#3 · Underwood, ND
+286.5%
#4 · Burlington, ND
+65.0%
#5 · Rolla, ND
+54.5%
#6 · Beulah, ND
+49.8%
#7 · Lincoln, ND
+44.5%
#8 · Minot, ND
+29.2%
#9 · Watford City, ND
+24.0%
#10 · Jamestown, ND
+21.2%
City ranking — 1Y appreciation (highest first)
| # | City | State | 1Y | 3Y | 5Y | 10Y | Current median |
|---|---|---|---|---|---|---|---|
| 1 | Reeder, ND | ND | +384.6% | — | — | — | $169.6K |
| 2 | New England, ND | ND | +337.5% | — | — | — | $350K |
| 3 | Underwood, ND | ND | +286.5% | — | — | — | $172K |
| 4 | Burlington, ND | ND | +65.0% | — | — | — | $524K |
| 5 | Rolla, ND | ND | +54.5% | — | — | — | $255K |
| 6 | Beulah, ND | ND | +49.8% | — | — | — | $312.5K |
| 7 | Lincoln, ND | ND | +44.5% | — | — | — | $376.7K |
| 8 | Minot, ND | ND | +29.2% | — | — | — | $342.9K |
| 9 | Watford City, ND | ND | +24.0% | — | — | — | $267.5K |
| 10 | Jamestown, ND | ND | +21.2% | — | — | — | $235.6K |
| 11 | Killdeer, ND | ND | +17.5% | — | — | — | $470K |
| 12 | Bismarck, ND | ND | +13.5% | — | — | — | $402.2K |
| 13 | Mandan, ND | ND | +12.4% | — | — | — | $342K |
| 14 | Mapleton, ND | ND | +10.4% | — | — | — | $418.9K |
| 15 | Menoken, ND | ND | +5.2% | — | — | — | $85K |
| 16 | Harvey, ND | ND | +4.9% | — | — | — | $89K |
| 17 | Dickinson, ND | ND | +2.2% | — | — | — | $345.9K |
| 18 | Northwood, ND | ND | 0.0% | — | — | — | $224.9K |
| 19 | Williston, ND | ND | -19.3% | — | — | — | $301.7K |
| 20 | Wahpeton, ND | ND | -22.5% | — | — | — | $203.5K |
| 21 | Colfax, ND | ND | -22.7% | — | — | — | $256.2K |
| 22 | Grand Forks, ND | ND | -25.5% | — | — | — | $261.3K |
| 23 | Surrey, ND | ND | -27.8% | — | — | — | $280K |
| 24 | Devils Lake, ND | ND | -39.6% | — | — | — | $117.5K |
| 25 | Arnegard, ND | ND | -40.6% | — | — | — | $311K |
| 26 | Horace, ND | ND | -43.4% | — | — | — | $907.5K |
| 27 | Walhalla, ND | ND | -47.6% | — | — | — | $96.9K |
| 28 | Cavalier, ND | ND | -51.7% | — | — | — | $58K |
| 29 | Kindred, ND | ND | -54.3% | — | — | — | $131.3K |
| 30 | Harwood, ND | ND | -70.5% | — | — | — | $107.5K |
| 31 | West Fargo, ND | ND | -70.9% | — | — | — | $838.9K |
| 32 | Fargo, ND | ND | -74.9% | — | — | — | $379.2K |
| 33 | Rugby, ND | ND | -76.8% | — | — | — | $55K |
How to read these numbers
Velocity vs. level
A market with 25% one-year appreciation is moving fast — but a market with steady 6% over ten years has compounded much further. Use 10Y as the long-run signal, 1Y as the momentum signal.
Mean-reversion risk
Markets that posted huge 1Y and 3Y gains often cool over the next cycle. Compare 1Y to 5Y: if 1Y is far above 5Y, the trend is accelerating; if far below, it is decelerating — often the more important signal.
Sample sanity
We require a minimum current median price (default $50K) to filter out tiny ZIPs with noisy data. Raise that threshold for serious investment markets; lower it to find emerging niches. Source: public record.