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24/7 Wall St.: The 10 States with the Strongest Housing Markets

6. North Dakota

1 yr. home price change: +7.1%
Median home price: $88,600
Unemployment rate: 3.0% (the lowest)

North Dakota is another of the Plains States that never had substantial home price declines or severe unemployment as the national economy cratered between 2007 and 2010. Home prices during that period actually rose 17%, the highest in the nation. North Dakota has consistently ranked in the bottom three states in terms of unemployment rates. North Dakota home prices, at a median of below $90,000 are quite low — 45th among all states. Home prices should continue to appreciate in the future, although at a very modest rate. For the period from the first quarter of 2013 to the first quarter of 2014, prices are forecast to rise 2.8%, only 34th highest among all states. Over the period from the first quarter of 2012 to the first quarter of 2017, the annualized rate of home price improvement is predicted to be 3.4% — the 22nd highest.

(iStock Photo)

More From 24/7 Wall St.:
America’s 10 Disappearing Jobs
Cities with the Most Homes in Foreclosure
American Cities Adding the Most Jobs

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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