Current Price

$73,727

1 Month Forecast

â–¼ $73,453

1-Year Forecast *

â–¼ $72,685

5-Year Forecast *

â–¼ $57,741

"Is it a good time to buy homes in Drake?" "Does investing in real estate in Drake (North Dakota State, McHenry County) worth it?" According to our live Forecast System, buying a house in Drake is a bad short-term (1-year) investment*. The Drake average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Drake" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Drake in North Dakota State, McHenry County. If you are looking for homes for sale with good flipping profit, Drake can be a bad, high-risk 1-year investment option. The median price of an average house in Drake was 73,727 USD on 2026-03-04. Based on our forecasts, a long-term decrease is expected, the predicted price of an average home in the "Drake" area is 57,741 USD by 2031-03-04. For a 5-year investment the profit is expected to be around -21.68% meaning that investing 100000 USD today may yield a profit of 21,684 USD by 2031.

Current Median Listing Price: 73,727 USD Median Listing Price Per Square Foot: 41 USD

Drake Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Drake (North Dakota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Drake Price Target

Drake median home price target in 12 months: $72,685* (downside of 1.4%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $85,683 $73,727 $73,727 $85,683
2023 $100,897 $88,420 $88,420 $104,785
2022 $0 $100,410 $0 $106,806
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Drake Housing Market Forecast

How much does an average home cost in Drake today?

The value of an average home (the listing price) in Drake is $73,727 USD.

What is the average price per square foot in Drake?

According to Walletinvestor the median price per square foot in Drake is 41 USD.

Will the median listing price of homes in Drake grow / rise / go up?

No. The Drake home prices may drop from 73,727 USD to 72,685 USD in one year.

Is it profitable to invest in Drake homes?

Based on our forecast, the expected return is -1.41% in one year.

Will Drake house prices fall / drop?

Yes. See above.

What is the predicted price of a Drake home in 2030?

The predicted home sales price of a Drake home in 2030 in Drake is 63,185 USD.

What is the predicted price of a Drake home in 2035?

The predicted home sales price of a Drake home in 2035 in Drake is 47,427 USD.

Will real estate prices decrease in Drake?

According to our analysis, there may be some price adjustment.

Short-Term Outlook Based On The Last 12 Months

Drake is the 25010. largest city in the United States, located in North Dakota State.

During the last 12 months the real estate prices in McHenry, Drake remained stable, looking at the past 12 months.

According to Walletinvestor's Drake real estate market research, home values will decrease in the next 12 months.

Median home values remained unchanged to 73,727 USD, between 2025-03-04 and 2026-03-04

The average annual profit of property investment was:

  • 1.294% in 2021
  • 1.754% in 2022
  • 1.584% in 2023
  • 0.934% in 2024
  • 0.204% in 2025
  • 0.594% in 2026

Based on our Drake real estate market research and report the predicted sales prices will decrease by 13.271% in the next 10 years.

Drake (North Dakota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Drake Housing Market Forecast with Real Estate Prices for 2025
January 2025 73453 66548 80357
February 2025 73212 66696 79727
March 2025 73638 67305 79971
April 2025 74066 69178 78955
May 2025 74498 69134 79861
June 2025 74756 69224 80288
July 2025 74036 69224 78848
August 2025 73322 68263 78382
September 2025 72616 67460 77772
October 2025 71916 65587 78245
November 2025 72264 65472 79057
December 2025 72685 67961 77410
Drake Housing Market Forecast with Real Estate Prices for 2026
January 2026 73108 69160 77056
February 2026 73534 66180 80887
March 2026 73580 69533 77626
April 2026 72888 68369 77407
May 2026 72186 66267 78105
June 2026 71490 65842 77138
July 2026 70801 64854 76749
August 2026 70119 63177 77061
September 2026 69443 65068 73818
October 2026 68774 64716 72831
November 2026 68111 62935 73287
December 2026 67455 62328 72581
Drake Housing Market Forecast with Real Estate Prices for 2027
January 2027 67244 61797 72690
February 2027 67198 62561 71835
March 2027 66635 60504 72765
April 2027 66185 62875 69494
May 2027 66019 61199 70838
June 2027 65853 62561 69146
July 2027 65219 59936 70501
August 2027 64590 60263 68918
September 2027 63968 59810 68126
October 2027 63351 59297 67406
November 2027 63115 59896 66334
December 2027 62908 56806 69010
Drake Housing Market Forecast with Real Estate Prices for 2028
January 2028 63274 57073 69475
February 2028 63643 59888 67397
March 2028 64013 57804 70222
April 2028 64235 58390 70081
May 2028 63616 59545 67688
June 2028 63003 57081 68926
July 2028 62396 58153 66639
August 2028 61795 58643 64946
September 2028 62094 58927 65261
October 2028 62456 56460 68451
November 2028 62819 58610 67028
December 2028 63185 59646 66723
Drake Housing Market Forecast with Real Estate Prices for 2029
January 2029 63224 56965 69483
February 2029 62630 56430 68831
March 2029 62027 56320 67733
April 2029 61429 56883 65975
May 2029 60837 55057 66616
June 2029 60251 56575 63926
July 2029 59670 55732 63608
August 2029 59095 54722 63468
September 2029 58525 52731 64319
October 2029 57961 53556 62366
November 2029 57780 53562 61998
December 2029 57741 52140 63342
Drake Housing Market Forecast with Real Estate Prices for 2030
January 2030 57257 52962 61551
February 2030 56870 53116 60623
March 2030 56727 51679 61776
April 2030 56585 52228 60942
May 2030 56040 51221 60859
June 2030 55500 52059 58941
July 2030 54965 51997 57933
August 2030 54435 49264 59607
September 2030 54233 50165 58300
October 2030 54055 48757 59352
November 2030 54369 50781 57958
December 2030 54686 50365 59006
Drake Housing Market Forecast with Real Estate Prices for 2031
January 2031 55004 49779 60229
February 2031 55195 52159 58231
March 2031 54663 49634 59692
April 2031 54136 50996 57276
May 2031 53615 48897 58333
June 2031 53098 49062 57133
July 2031 53355 49834 56877
August 2031 53666 49856 57476
September 2031 53978 49498 58458
October 2031 54292 50166 58419
November 2031 54326 50523 58129
December 2031 53816 49780 57852

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.