Bismarck, ND—58504
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 $345,000, with a year-over-year change of 4.6%. 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 | $345,000 | 4.6% |
| Single Family | $359,000 | 4.7% |
| Condos | $206,000 | 7.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | 5.0% |
3 Bed | $328,000 | 5.5% |
4 Bed | $374,000 | 4.5% |
| 5 Bed | $381,000 | 5.5% |
% of Housing Stock
Rental Trends — Bismarck, ND
As of July '25, Rentcast reports the average rent in Bismarck, ND is $1,470, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Bismarck, ND is studios: $1,280, 1-bedrooms: $972, 2-bedrooms: $1,240, 3-bedrooms: $1,860, 4-bedrooms: $2,500. The most common rental property sizes in Bismarck, ND are 2-bedroom and 3-bedroom, accounting for 56.2% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,470 |
| Studio Rent | $1,280 | $1,280 |
| 1 Bed Rent | $950 | $972 |
| 2 Bed Rent | $999 | $1,240 |
| 3 Bed Rent | $1,620 | $1,860 |
| 4 Bed Rent | $2,400 | $2,500 |
% 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 63. This is a increase of 24.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | -2.0% |
Listing Count | 120 | 13.0% |
| Listings as % of Homes | 0.7% | 13.0% |
Days on Market | 63 | 24.0% |
Demographics — Bismarck, ND
As of the latest ACS Survey released in 2023, Bismarck, ND has a population of 30,200, which has increased by 11.3% over the past 5 years. Bismarck, ND is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 31.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 11.3% |
% Under 18 | 23.9% | 1.3% |
% Seniors | 15.5% | 25.0% |
% WFH | 7.5% | 200.0% |
% w/ College Degree | 31.4% | -4.6% |
As of the latest ACS Survey released in 2023, Bismarck, ND is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Bismarck, ND is hispanic, making up 4.4% of the population. Foreign-born residents account for 1.6% of the population in Bismarck, ND, and this percentage has increased by 45.5% 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 | 84.2% | -4.1% |
% Black | 1.1% | -26.7% |
% Hispanic | 4.4% | 46.7% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.6% | 45.5% |
Mortgage and Risk — Bismarck, ND
According to HUD data as of 2023, there were 464 mortgage originations in Bismarck, ND, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 464 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bismarck, ND
As of 2024, the percent of homes in Bismarck, ND under the Section 8 program is 12.2%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Bismarck, ND, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 651 |
Total Units Section 8 | 384 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $950 | $900 |
| 2 Bedroom | $1 | $999 | $1,000 |
| 3 Bedroom | -$220 | $1,620 | $1,400 |
| 4 Bedroom | -$720 | $2,400 | $1,680 |
Affordability — Bismarck, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $345,000 |
| Median Household Income | $78,700 |