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Bismarck, ND—58504

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$343,000
4.5% YoY Growth
Household Income
$78,700
13.0% YoY Growth
Days on Market
55
5.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,280
5.8% YoY Growth
1-Bed Rent
$950
29.6% YoY Growth
2-Bed Rent
$999
2.4% YoY Growth
3-Bed Rent
$1,620
9.4% YoY Growth

Other Zip Codes in Bismarck, ND

5850158503
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bismarck, ND

As of Dec '25, the median home price in Bismarck, ND is $343,000, 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 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$343,0004.5%
Single Family $356,0004.4%
Condos $204,0008.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$250,0005.5%
    3 Bed
    		$326,0005.2%
    4 Bed
    		$372,0004.5%
    5 Bed $377,7355.6%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    6.4%
    2 Bedrooms
    26.8%
    3 Bedrooms
    35.0%
    4 Bedrooms
    24.9%
    5+ Bedrooms
    6.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.6%
    1 Bedroom
    15.4%
    2 Bedrooms
    56.2%
    3 Bedrooms
    20.9%
    4 Bedrooms
    4.8%

    Property Listings — Bismarck, ND

    As of Dec '25, Realtor.com reports that the median days on market for a home in Bismarck, ND is 58. This is a increase of 23.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$445,0004.0%
    Listing Count
    		919.0%
    Listings as % of Homes0.7%9.0%
    Days on Market
    		555.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		30,20011.3%
    % Under 18
    		23.9%1.3%
    % Seniors
    		15.5%25.0%
    % WFH
    		7.5%200.0%
    % w/ College Degree
    		31.4%-4.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$343,000
    Median Household Income$78,700

    Bismarck, ND — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions