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Affordable
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These days, finding an affordable place to live in the Drake area can be challenging. Home prices in Drake are now at a median cost of $102,738, lower than the North Dakota average of $273,535.
The average cost of rent is $718/mo in Drake, primarily driven by the current value of real estate in the Drake area. In Drake, 15.61% of households rent, and 69.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Drake is $5,084 per month. Households that rent pay about 14.12% of their income on rent here. Drake’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Anamoose, ND: equally priced homes
- Balfour, ND: equally priced homes
- Guthrie, ND: equally priced homes
- Kief, ND: higher priced homes
- Aylmer, ND: higher priced homes
- Butte, ND: higher priced homes
- Martin, ND: higher priced homes
- Orrin, ND: higher priced homes
- Karlsruhe, ND: higher priced homes
- Voltaire, ND: higher priced homes
Cities with Similar Populations
- Mildred, PA: higher priced homes
- Range, AL: higher priced homes
- Prairie Creek, IN: higher priced homes
- Pie Town, NM: higher priced homes
- Picabo, ID: higher priced homes
- Pansy, WV: higher priced homes
- New Albany, KS: equally priced homes
- Mountain Park, OK: equally priced homes
- Mount Crest, TN: higher priced homes
- Mount Carmel, OH: higher priced homes
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