Bismarck, ND—58501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bismarck, ND
As of Oct '25, the median home price in Bismarck, ND is $290,000, with a year-over-year change of 5.6%. This indicates that home prices in Bismarck, ND are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 5.6% |
| Single Family | $298,000 | 5.3% |
| Condos | $189,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | 6.5% |
2 Bed | $196,000 | 5.4% |
3 Bed | $277,000 | 5.7% |
4 Bed | $304,000 | 5.2% |
| 5 Bed | $315,000 | 5.4% |
% of Housing Stock
Rental Trends — Bismarck, ND
As of July '25, Rentcast reports the average rent in Bismarck, ND is $1,210, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Bismarck, ND is studios: $1,400, 1-bedrooms: $915, 2-bedrooms: $1,090, 3-bedrooms: $1,490, 4-bedrooms: $2,060. The most common rental property sizes in Bismarck, ND are 2-bedroom and 1-bedroom, accounting for 41.6% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,210 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $820 | $915 |
| 2 Bed Rent | $1,000 | $1,090 |
| 3 Bed Rent | $1,450 | $1,490 |
| 4 Bed Rent | $1,980 | $2,060 |
% of Rental Stock
Property Listings — Bismarck, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Bismarck, ND is 43. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 0.0% |
Listing Count | 91 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 43 | -1.0% |
Demographics — Bismarck, ND
As of the latest ACS Survey released in 2023, Bismarck, ND has a population of 28,600, which has decreased by -4.9% over the past 5 years. Bismarck, ND is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,600 | -4.9% |
% Under 18 | 20.2% | 4.1% |
% Seniors | 17.8% | 0.6% |
% WFH | 6.3% | 90.9% |
% w/ College Degree | 35.4% | 8.3% |
As of the latest ACS Survey released in 2023, Bismarck, ND is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Bismarck, ND is black, making up 3.8% of the population. Foreign-born residents account for 4.2% of the population in Bismarck, ND, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.3% | -6.9% |
% Black | 3.8% | 8.6% |
% Hispanic | 3.7% | 37.0% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 4.2% | 50.0% |
Mortgage and Risk — Bismarck, ND
According to HUD data as of 2023, there were 436 mortgage originations in Bismarck, ND, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Bismarck, ND. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Bismarck, ND
As of 2024, the percent of homes in Bismarck, ND under the Section 8 program is 13.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Bismarck, ND, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 552 |
Total Units Section 8 | 540 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 79.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $820 | $900 |
| 2 Bedroom | $0 | $1,000 | $1,000 |
| 3 Bedroom | -$50 | $1,450 | $1,400 |
| 4 Bedroom | -$300 | $1,980 | $1,680 |
Affordability — Bismarck, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $290,000 |
| Median Household Income | $69,800 |