Minot Metro Area, ND Housing

The housing market in Minot, ND Metro Area is thriving. The median value of a house in the area is $215,600, which is much lower than the median value of a house in the United States at $338,100. However, what makes the situation even better is the appreciation rate of houses in Minot: 9.50%, compared to 8.27% nationally. This means that not only are people able to purchase homes at a relatively low price point, but they can also expect their investment to increase overtime.

The median home cost in Minot Metro Area is $215,600. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Minot Metro Area is up 10.5%.

Average Age of Homes

- The median age of Minot Metro Area real estate is 39 years old

The Rental Market in Minot Metro Area

- Renters make up 31.2% of the Minot Metro Area population
- 3.5% of houses and apartments in Minot 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	Minot, North Dakota	United States
	36,354.0	139,647,020.0
	41	42
	$215,600	$338,100
	10.5%	16.6%
	26.7%	57.0%
	51.1%	101.1%
	$10.63	$10.98
	$2,291	$2,690
	53.2%	57.4%
	14.2%	11.2%
	32.5%	31.4%
Vacant Housing
	3.5%	1.9%
	1.0%	0.4%
	1.2%	0.7%
	0.2%	0.4%
	1.8%	3.6%
	6.6%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	2.6%	2.4%
	3.3%	2.8%
	2.7%	3.9%
	4.0%	4.5%
	13.5%	11.3%
	14.9%	13.0%
	31.8%	20.1%
	12.7%	13.6%
	5.1%	8.3%
	3.0%	9.7%
	1.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	9.0%	13.6%
	9.5%	13.2%
	15.8%	14.8%
	9.0%	13.6%
	10.9%	10.0%
	3.1%	4.7%
	11.3%	12.2%

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