Walcott, ND58077

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$338,000
3.0% YoY Growth
Median Household Income
$107,000
40.1% 5-Year Growth
Days on Market
N/A
N/A
Home Price Forecast
0.4%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Property Listings — Walcott, ND

Walcott, ND lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of HomesN/AN/A
Days on Market
N/AN/A
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Demographics — Walcott, ND

As of the latest ACS Survey released in 2023, Walcott, ND has a population of 726, which has increased by 6.0% over the past 5 years. Walcott, ND is a popular place for families, as children make up 26.4% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

MetricLatest CensusYoY % Change
Population
7266.0%
% Under 18
26.4%5.2%
% Seniors
12.0%-20.0%
% WFH
8.3%-19.4%
% w/ College Degree
34.9%24.2%
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As of the latest ACS Survey released in 2023, Walcott, ND is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Walcott, ND is black, making up 0.4% of the population. Foreign-born residents account for 0.8% of the population in Walcott, ND, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
96.3%-0.2%
% Black
0.4%∞%
% Hispanic
0.1%-66.7%
% Asian
0.0%N/A
% Foreign Born
0.8%∞%
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Mortgage and Risk — Walcott, ND

According to HUD data as of 2023, there were 40 mortgage originations in Walcott, ND, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Walcott, ND. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
40
% Conventional Loans
95.0%
% Government Loans
5.0%
% Investor Loans
0.0%
% Second Loans
0.0%
% Cash Out Refinance
17.0%

Loan Activity

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Rentals and Section 8 — Walcott, ND

Walcott, ND lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
N/A
Total Units Section 8
N/A
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$990
2 BedroomN/AN/A$1,300
3 BedroomN/AN/A$1,820
4 BedroomN/AN/A$2,180

Affordability — Walcott, ND

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income RatioN/A
Median Home Price$338,000
Median Household Income$107,000

Walcott, ND — ZIP Code Boundary Map

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Frequently Asked Questions