Bismarck housing market
Typical home value
$356K
▲ 5.2% 1 yr
Typical rent
$1,303/mo
▲ 3.8% 1 yr
12-month forecast
+4.0%
#54 of 546 metros
Gross rent yield
4.4%
#477 of 546 · U.S. 6.3%
Days to pending
39 days
▼ −1 day 1 yr
Listings with a price cut
28%
▲ +2.8 pts 1 yr
Key takeaways
- 1The typical home is worth $356,127, up 5.2% in a year and up 25% over five years.
- 2Zillow forecasts home values rising 4.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,303/mo (+3.8% YoY), a 4.4% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,957/mo in principal and interest, $654 more than renting.
- 5Homes go under contract in 39 days (−1 day vs last year); 28% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #169 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Bismarck compares
| Measure | Bismarck | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +5.2% | +1.2% | #59 |
| Home value, 5-yr change | +25.3% | +19.7% | |
| 12-month forecast | +4.0% | +1.1% | #54 |
| Rent, 1-yr change | +3.8% | +2.7% | #214 |
| Gross rent yield | 4.4% | 6.3% | #477 |
| Price-to-rent ratio | 22.8 | 15.8 | |
| Mortgage P&I on typical home | $1,957 | $2,012 | |
| Income needed to buy | $97,752 | $100,902 | |
| Days to pending | 39 | 56 |
Cities in the Bismarck metro
2 cities with home value and rent data.
Run the numbers
Rental property calculator
Cash flow on a typical Bismarck rental ($356K, $1,303/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Bismarck home.
Rent vs buy
Is it cheaper to rent or buy in Bismarck?
Other North Dakota metros
Fargo, ND
$328K home$1,103 rent4.0% yield
▲ 3.5% 1 yr
Minot, ND
$269K home$1,252 rent5.6% yield
▲ 3.4% 1 yr
Williston, ND
$349K home$1,290 rent4.4% yield
▲ 4.7% 1 yr
Wahpeton, ND
$228K home$844 rent4.4% yield
▲ 4.4% 1 yr
Jamestown, ND
$229K home$1,023 rent5.4% yield
▲ 5.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.