Bismarck appreciation rates and housing market information

Bismarck housing market information

With 55,284 people, 24,162 houses or apartments, and a median cost of homes of $168,243, Bismarck real estate is some of the most expensive in North Dakota, although Bismarck home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Bismarck, accounting for 47.57% of the city's housing units. Other types of housing that are prevalent in Bismarck include large apartment complexes or high rise apartments (27.11%), mobile homes or trailers (10.60%), duplexes, homes converted to apartments, or other small apartment buildings (9.11%), and a few row houses and other attached homes (5.62%).

The most prevalent building size and type in Bismarck are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 60.66% owning, and 35.13% renting.

There is a lot of housing in Bismarck built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bismarck built from 1940-1969 (29.80%). A lesser amount of the housing stock also hails from 1995 and later (10.16%), and some were built from 1939 and earlier (10.16%).

Bismarck home appreciation rates

Bismarck's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bismarck during the period has been just 5.89%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bismarck home appreciation rates, at 0.11%, have been at or slightly above the national average. In the latest quarter, Bismarck's appreciation rate has been -1.57%, which annualizes to a rate of -6.28%.

Notably, Bismarck's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Bismarck's latest annual appreciation rate is higher than 4% of the other cities and towns in North Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bismarck differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bismarck - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bismarck real estate investment or home purchase decisions.