Property Valuation
Which factor would most likely increase the value of residential property in Grand Forks, North Dakota?
AProximity to a major flood event in recent history
BProximity to the University of North Dakota, providing rental demand✓ Correct
CHigher property tax rates in the area
DLack of public utilities in the neighborhood
Explanation
Proximity to the University of North Dakota in Grand Forks creates strong housing demand from students, faculty, and staff, supporting rental rates and residential property values in the surrounding neighborhoods.
Related North Dakota Property Valuation Questions
- Which type of depreciation is ALWAYS incurable?
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