Minot housing market
Typical home value
$269K
▲ 3.4% 1 yr
Typical rent
$1,252/mo
▲ 6.3% 1 yr
12-month forecast
+1.3%
#366 of 546 metros
Gross rent yield
5.6%
#328 of 546 · U.S. 6.3%
Days to pending
31 days
▼ −6 days 1 yr
Listings with a price cut
30%
▲ +2.3 pts 1 yr
Key takeaways
- 1The typical home is worth $268,966, up 3.4% in a year and up 25% over five years.
- 2Zillow forecasts home values rising 1.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,252/mo (+6.3% YoY), a 5.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,478/mo in principal and interest, $226 more than renting.
- 5Homes go under contract in 31 days (−6 days vs last year); 30% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #324 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 Minot compares
| Measure | Minot | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.4% | +1.2% | #169 |
| Home value, 5-yr change | +24.8% | +19.7% | |
| 12-month forecast | +1.3% | +1.1% | #366 |
| Rent, 1-yr change | +6.3% | +2.7% | #72 |
| Gross rent yield | 5.6% | 6.3% | #328 |
| Price-to-rent ratio | 17.9 | 15.8 | |
| Mortgage P&I on typical home | $1,478 | $2,012 | |
| Income needed to buy | $70,978 | $100,902 | |
| Days to pending | 31 | 56 |
Cities in the Minot metro
1 cities with home value and rent data.
| Minot | $280K | ▲ 3.1% | $1,269 | ▲ 6.6% | 5.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Minot rental ($269K, $1,252/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Minot home.
Rent vs buy
Is it cheaper to rent or buy in Minot?
Other North Dakota metros
Fargo, ND
$328K home$1,103 rent4.0% yield
▲ 3.5% 1 yr
Bismarck, ND
$356K home$1,303 rent4.4% yield
▲ 5.2% 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.