Kindred, ND 58051 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, 222,500, as the median sold price confirms recent transaction value in Kindred and, combined with a flat price year‑over‑year trend, suggests overall pricing is stable rather than appreciating or depreciating sharply.
2. The 1,489 median days on market points to materially slower sales velocity and suggests sellers may need to allow more time or be open to negotiation; this extended time on market appears consistent with pricing friction and constrained transaction flow.
3. With a 185 median price per square foot, comparable units appear to be trading at modest per‑unit valuations while elevated interest rate pressure (Current 30‑year fixed mortgage rates averaging approximately 6.53%) is likely suppressing buyer affordability and increasing seller negotiation leverage.
4. Rental dynamics show a 600 median market rent and a down rent year‑over‑year trend, which may reduce investor appetite for buy‑to‑hold strategies and further temper near‑term demand for SFR and condominium purchases.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.