Average rent in Jamestown

Average rent in Jamestown,ND

The average rent in Jamestown, ND has fluctuated over the years. In 2017, the average rent was $650 per month. However, by 2019, the average had increased to $750 per month. Looking ahead to the year 2023, it is predicted that the average rent will reach $985 per month in Jamestown. This increase in rent can be attributed to several factors, such as inflation, a growing population, and an increase in demand for housing. Despite the rising cost, it remains crucial for individuals to find affordable housing in Jamestown to maintain financial stability.

Average rent in Jamestown,ND for 1-bedroom

In terms of the average rent for a 1-bedroom apartment in Jamestown, ND, there has been a significant increase in recent years. According to our data, the projected average rent for 2023 is $975, which is a substantial jump from the 2018 average of $775. Moreover, the average rent in 2019 was $800 before increasing to $875 in 2020, followed by an even greater jump to $925 in 2021. This trend of steady rent increases can be attributed to several factors, such as an influx of new residents to the area and a shortage of available rental properties. However, regardless of these factors, it is essential for individuals seeking to move to Jamestown to keep these rental trends in mind.

Average rent in Jamestown,ND for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Jamestown, ND is expected to rise to $1,200. This marks a significant increase compared to the $900 average rent in 2019, and the $1,000 average in 2020. Despite the upward trend, 2023 rent prices are still lower than the national average for 2-bedroom apartments. However, tenants in Jamestown should prepare for more expensive housing options in the coming years. For instance, it is unclear whether or not rental prices will continue to rise at the same rate or potentially plateau in the near future. Regardless, individuals looking to rent in Jamestown must be prepared for rising costs.

Average rent in Jamestown,ND for 3-bedroom

The average rent for a 3-bedroom apartment in Jamestown, ND has been gradually increasing over the years. In 2021, it was $900, while in 2022 it rose to $950. Looking forward, experts predict a further increase in 2023, with the average rent for a 3-bedroom apartment in Jamestown, ND projected to be $1000. Despite this increase, however, it is still considerably lower than the average rent in neighboring cities, such as Fargo or Grand Forks. Overall, while there has been a steady increase in rent, residents of Jamestown can still find affordable housing compared to other cities in North Dakota.

Average rent in Jamestown,ND for studio

In terms of the average rent for a studio apartment in Jamestown, ND, there has been a steady increase over the past few years. Specifically, in 2023, the average rent in Jamestown for a studio will be $850 per month. Comparatively, this is a significant uptick from the $750 average in 2022 and the $700 average in 2021. This trend has been made clear through a number of factors, including a growing demand for rental properties in Jamestown, an expanding job market, and a general spike in the cost of living across the region. Despite the rise in rental costs, the Jamestown area continues to provide excellent amenities and opportunities, making it a desirable place for many to call home.

Average rent in Jamestown,ND for townhouse

According to recent data, the average rent for townhouses in Jamestown, ND is projected to increase in the coming years. In 2023, the average rent is expected to reach $1,200, which is a significant jump from the $950 recorded in 2019. Furthermore, this marks a steady increase of $50 in average rental rates each year. Despite these rising costs, there has been a surge in demand for rental properties in Jamestown, leading to a limited supply in the market. As a result, residents looking for affordable townhouse options in Jamestown will face a challenging rental market.

Most expensive neighborhoods in Jamestown,ND

Jamestown, ND boasts some of the most expensive neighborhoods in the state. The communities of Highland Acres, Woodcrest Acres, and Pinehurst are just a few of the luxurious areas that offer stunning homes, scenic views, and spacious lots. These neighborhoods boast top-rated school districts, a low crime rate, and easy access to amenities such as golf courses, parks, and shopping centers. The homes in these neighborhoods feature state-of-the-art appliances, intricate details, and high-end finishes. If you’re looking for a place to call home that oozes luxury and prestige, look no further than Jamestown, ND’s most expensive neighborhoods.

Most affordable neighborhoods in Jamestown,ND

Jamestown, North Dakota has some of the most affordable neighborhoods in the state. With a population of just over 15,000, it offers residents a tight-knit community with low housing costs. One of the most affordable neighborhoods in Jamestown is the southwest part of town, where average home prices are well below the national average. The northeast part of town is also known for its affordable homes, offering a variety of single-family homes and apartments at reasonable prices. The low cost of living in these neighborhoods makes Jamestown an attractive option for those looking to save money and enjoy a small town community.

Most popular neighborhoods in Jamestown,ND

Jamestown, ND is a charming small city in Stutsman County that embodies the Midwest spirit with its welcoming people and beautiful landscapes. When it comes to the most popular neighborhoods in Jamestown, there are a few that stand out. The Riverway neighborhood is a top choice for families as it offers plenty of green spaces, nearby schools, and a strong sense of community. The Historic District is another favorite, thanks to its beautiful Victorian homes and quaint streets. Finally, the Northwest corridor is known for its convenience, with easy access to shopping, dining, and healthcare facilities. Regardless of where you choose to live in Jamestown, you can’t go wrong with any of these popular neighborhoods.

Comparison with other cities

1. New York City, NY – $4,217
2. San Francisco, CA – $3,693
3. Boston, MA – $3,238
4. Los Angeles, CA – $2,524
5. Chicago, IL – $1,994
6. Seattle, WA – $1,925
7. Denver, CO – $1,820
8. Austin, TX – $1,684
9. Portland, OR – $1,554
10. Nashville, TN – $1,525
11. Salt Lake City, UT – $1,365
12. Indianapolis, IN – $1,125
13. Tulsa, OK – $880
14. Wichita, KS – $815
15. Biloxi, MS – $730

FAQ

Q: What is the average rent in Jamestown, ND in 2023?
A: According to the latest data, the average rent in Jamestown, ND in 2023 is $985 per month.

Q: Has the average rent increased or decreased in Jamestown, ND?
A: The average rent in Jamestown, ND has increased by 2.5% compared to the previous year.

Q: What types of housing are included in the average rent calculation?
A: The average rent calculation includes all types of housing such as apartments, townhouses, and single-family homes.

Q: Are there any neighborhoods in Jamestown, ND where the rent is higher or lower than the average?
A: Yes, there are some neighborhoods where the rent is higher or lower than the average based on location, amenities, and other factors.

Q: What is the range of rent for different types of housing in Jamestown, ND?
A: The range of rent for different types of housing in Jamestown, ND varies. It can start from $600 per month for a studio apartment and can go up to $1500 per month for a single-family home.

Q: What factors can affect the rent in Jamestown, ND?
A: Factors such as location, size of the property, amenities provided, and demand for housing can affect the rent in Jamestown, ND.

Q: Can I negotiate the rent with the landlord?
A: Yes, you can negotiate the rent with the landlord although it may not always be successful. It depends on the landlord’s policies, market demand, and other factors.

Q: What is the typical security deposit required for renting in Jamestown, ND?
A: The typical security deposit required for renting in Jamestown, ND is equivalent to one month’s rent.

Sources

https://www.zillow.com/jamestown-nd/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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