Bismarck, ND—58503
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 $442,000, with a year-over-year change of 4.5%. This indicates that home prices in Bismarck, ND are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | 4.5% |
| Single Family | $461,000 | 4.1% |
| Condos | $228,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $270,000 | 4.7% |
3 Bed | $404,000 | 4.9% |
4 Bed | $461,000 | 4.8% |
| 5 Bed | $504,000 | 4.6% |
% of Housing Stock
Rental Trends — Bismarck, ND
As of July '25, Rentcast reports the average rent in Bismarck, ND is $1,770, with a year-over-year rent change of 22.9%. Per bedroom, the median rent as of July '25 in Bismarck, ND is studios: $1,150, 1-bedrooms: $1,120, 2-bedrooms: $1,550, 3-bedrooms: $2,020, 4-bedrooms: $2,690. The most common rental property sizes in Bismarck, ND are 2-bedroom and 3-bedroom, accounting for 52.1% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,770 |
| Studio Rent | $1,140 | $1,150 |
| 1 Bed Rent | $1,140 | $1,120 |
| 2 Bed Rent | $1,510 | $1,550 |
| 3 Bed Rent | $1,940 | $2,020 |
| 4 Bed Rent | $2,100 | $2,690 |
% 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 60. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $552,000 | 4.0% |
Listing Count | 205 | -1.0% |
| Listings as % of Homes | 0.8% | -1.0% |
Days on Market | 60 | 18.0% |
Demographics — Bismarck, ND
As of the latest ACS Survey released in 2023, Bismarck, ND has a population of 37,100, which has increased by 11.6% over the past 5 years. Bismarck, ND is a popular place for families, as children make up 25.7% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,100 | 11.6% |
% Under 18 | 25.7% | -0.8% |
% Seniors | 18.2% | 22.1% |
% WFH | 9.4% | 141.0% |
% w/ College Degree | 48.1% | 19.7% |
As of the latest ACS Survey released in 2023, Bismarck, ND is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Bismarck, ND is hispanic, making up 2.0% of the population. Foreign-born residents account for 3.4% of the population in Bismarck, ND, and this percentage has increased by 36.0% 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 | 89.2% | -2.0% |
% Black | 1.2% | -25.0% |
% Hispanic | 2.0% | 33.3% |
% Asian | 1.5% | 15.4% |
% Foreign Born | 3.4% | 36.0% |
Mortgage and Risk — Bismarck, ND
According to HUD data as of 2023, there were 665 mortgage originations in Bismarck, ND, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Bismarck, ND. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 665 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Bismarck, ND
As of 2024, the percent of homes in Bismarck, ND under the Section 8 program is 11.6%. 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. In Bismarck, ND, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 482 |
Total Units Section 8 | 474 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,140 | $1,030 |
| 2 Bedroom | -$360 | $1,510 | $1,150 |
| 3 Bedroom | -$330 | $1,940 | $1,610 |
| 4 Bedroom | -$170 | $2,100 | $1,930 |
Affordability — Bismarck, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $442,000 |
| Median Household Income | $105,000 |