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.