The housing market in Bismarck, MN is currently strong, with a median house value of $201,000. This is significantly lower than the US median house value of $338,100. In terms of appreciation rates, the US house market experienced a 1 year appreciation rate of 8.27%, while Bismarck's rate was slightly lower at 6.82%. These low appreciation rates suggest that houses in Bismarck remain relatively affordable for potential buyers. Despite the pandemic and economic downturn, housing prices have remained stable in this area, making it an attractive option for those in search of a new home.
The median home cost in Bismarck is $201,000. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Bismarck is up 11.0%.
Average Age of Homes
- The median age of Bismarck real estate is 78 years old
The Rental Market in Bismarck
- Renters make up 8.3% of the Bismarck population
- 0.0% of houses and apartments in Bismarck, 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.