Drake, ND—58736
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drake, ND
As of Oct '25, the median home price in Drake, ND is $84,000, with a year-over-year change of -1.1%. This indicates that home prices in Drake, ND are decreasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | -1.1% |
| Single Family | $84,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drake, ND
Drake, ND lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Drake, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Drake, ND is 75. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $125,000 | -47.0% |
Listing Count | 2 | -60.0% |
| Listings as % of Homes | 0.3% | -60.0% |
Days on Market | 75 | 2.0% |
Demographics — Drake, ND
As of the latest ACS Survey released in 2023, Drake, ND has a population of 430, which has decreased by -31.9% over the past 5 years. Drake, ND is a less popular place for families, as children make up 13.0% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 430 | -31.9% |
% Under 18 | 13.0% | -53.4% |
% Seniors | 24.9% | 63.8% |
% WFH | 25.1% | 292.2% |
% w/ College Degree | 16.4% | -3.0% |
As of the latest ACS Survey released in 2023, Drake, ND is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Drake, ND is hispanic, making up 3.5% of the population. Foreign-born residents account for 0.5% of the population in Drake, ND, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.6% | -1.5% |
% Black | 0.9% | ∞% |
% Hispanic | 3.5% | 118.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 66.7% |
Mortgage and Risk — Drake, ND
Drake, ND lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Drake, ND
Drake, ND lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Drake, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $84,000 |
| Median Household Income | $58,000 |