Housing in Minot, North Dakota

The median home cost in Minot is $251,800. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Minot is up 5.5%. Browse Minot Real Estate

Average Age of Homes

- The median age of Minot real estate is 40 years old

The Rental Market in Minot

- Renters make up 34.5% of the Minot population
- 6.2% of houses and apartments in Minot, are available to rent

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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.

HOUSING	Minot, North Dakota	United States
Median Home Age	40	40
Median Home Cost	$251,800	$231,200
Home Appr. Last 12 months	5.5%	6.7%
Home Appr. Last 5 yrs.	10.1%	35.6%
Home Appr. Last 10 yrs.	59.2%	27.4%
Property Tax Rate	$9.71	$11.78
Property Taxes Paid	$2,445	$2,724
Homes Owned	49.7%	56.0%
Housing Vacant	15.2%	12.2%
Homes Rented	35.1%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,646	$1,470
Studio Apartment	$698	$821
1 Bedroom Home or Apartment	$830	$930
2 Bedroom Home or Apartment	$1,079	$1,148
3 Bedroom Home or Apartment	$1,560	$1,537
4 Bedroom Home or Apartment	$1,895	$1,791
VACANT HOUSING
Vacant For Rent	6.2%	2.1%
Vacant Rented	0.8%	0.5%
Vacant For Sale	2.0%	1.0%
Vacant Sold	0.2%	0.5%
Vacant Vacation	1.8%	4.0%
Vacant Other	4.2%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	2.9%	3.5%
$20,000 to $39,999	4.2%	3.1%
$40,000 to $59,999	3.2%	3.9%
$60,000 to $79,999	2.7%	5.4%
$80,000 to $99,999	3.0%	6.3%
$100,000 to $149,999	13.0%	14.7%
$150,000 to $199,999	18.6%	14.6%
$200,000 to $299,999	31.9%	18.7%
$300,000 to $399,999	15.3%	11.0%
$400,000 to $499,999	3.0%	6.2%
$500,000 to $749,999	2.0%	7.0%
$750,000 to $999,999	0.0%	2.7%
$1,000,000 to $1,499,999	0.1%	1.5%
$1,500,000 to $1,999,999	0.0%	0.5%
$2,000,000 and over	0.2%	0.7%