Bismarck Metro Area, ND Housing

The housing market in the Bismarck, ND Metro Area is thriving. The median value of homes here is $297,000, which is lower than the US House Median Value of $338,100. Despite this difference, the appreciation rate for housing in the Bismarck area has grown to 11.54%, significantly higher than the US 1 year House Appreciation of 8.27%. This indicates that homes are becoming more valuable at a much faster rate than in most parts of the country.

The median home cost in Bismarck Metro Area is $297,000. Home appreciation the last 10 years has been 60.6%. Home Appreciation in Bismarck Metro Area is up 10.9%.

Average Age of Homes

- The median age of Bismarck Metro Area real estate is 35 years old

The Rental Market in Bismarck Metro Area

- Renters make up 26.6% of the Bismarck Metro Area population
- 2.2% of houses and apartments in Bismarck Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bismarck, North Dakota	United States
	58,518.0	139,647,020.0
	38	42
	$297,000	$338,100
	10.9%	16.6%
	23.9%	57.0%
	60.6%	101.1%
	$9.21	$10.98
	$2,394	$2,690
	64.9%	57.4%
	9.0%	11.2%
	26.1%	31.4%
Vacant Housing
	2.2%	1.9%
	0.5%	0.4%
	1.0%	0.7%
	0.5%	0.4%
	1.7%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	3.4%	2.4%
	2.3%	2.8%
	1.6%	3.9%
	1.9%	4.5%
	6.0%	11.3%
	12.4%	13.0%
	31.5%	20.1%
	20.6%	13.6%
	8.0%	8.3%
	7.0%	9.7%
	1.3%	3.9%
	0.6%	2.2%
	0.2%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	11.6%	13.6%
	10.0%	13.2%
	21.1%	14.8%
	11.6%	13.6%
	8.3%	10.0%
	2.7%	4.7%
	7.1%	12.2%

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