Mandan, ND—58554
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mandan, ND
As of Oct '25, the median home price in Mandan, ND is $335,000, with a year-over-year change of 5.5%. This indicates that home prices in Mandan, 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 | $335,000 | 5.5% |
| Single Family | $341,000 | 5.6% |
| Condos | $274,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $321,000 | 5.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mandan, ND
As of July '25, Rentcast reports the average rent in Mandan, ND is $1,580, with a year-over-year rent change of 14.5%. Per bedroom, the median rent as of July '25 in Mandan, ND is 1-bedrooms: $887, 2-bedrooms: $1,330, 3-bedrooms: $2,060, 4-bedrooms: $2,600. The most common rental property sizes in Mandan, ND are 2-bedroom and 1-bedroom, accounting for 36.4% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $887 |
| 2 Bed Rent | $1,250 | $1,330 |
| 3 Bed Rent | $2,150 | $2,060 |
| 4 Bed Rent | $2,540 | $2,600 |
% of Rental Stock
Property Listings — Mandan, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Mandan, ND is 43. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 15.0% |
Listing Count | 121 | -10.0% |
| Listings as % of Homes | 0.7% | -10.0% |
Days on Market | 43 | -9.0% |
Demographics — Mandan, ND
As of the latest ACS Survey released in 2023, Mandan, ND has a population of 29,200, which has increased by 13.4% over the past 5 years. Mandan, ND is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 30.7% 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 | 29,200 | 13.4% |
% Under 18 | 23.7% | 4.4% |
% Seniors | 16.0% | 13.5% |
% WFH | 7.5% | 66.7% |
% w/ College Degree | 30.7% | 11.2% |
As of the latest ACS Survey released in 2023, Mandan, ND is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Mandan, ND is hispanic, making up 4.7% of the population. Foreign-born residents account for 1.1% of the population in Mandan, ND, and this percentage has decreased by 21.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.6% | -3.5% |
% Black | 2.0% | 400.0% |
% Hispanic | 4.7% | 62.1% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 1.1% | -21.4% |
Mortgage and Risk — Mandan, ND
According to HUD data as of 2023, there were 559 mortgage originations in Mandan, ND, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Mandan, ND. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 559 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mandan, ND
As of 2024, the percent of homes in Mandan, ND under the Section 8 program is 20.2%. This is considered high, suggesting that the neighborhood is heavily 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 Mandan, 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 | 621 |
Total Units Section 8 | 621 |
% Rentals under Section 8 | 20.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $850 | $920 |
| 2 Bedroom | -$220 | $1,250 | $1,030 |
| 3 Bedroom | -$710 | $2,150 | $1,440 |
| 4 Bedroom | -$810 | $2,540 | $1,730 |
Affordability — Mandan, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $335,000 |
| Median Household Income | $82,200 |