Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 74,445 people, 31,716 houses or apartments, and a median cost of homes of $350,370, 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 47.52% of the city's housing units. Other types of housing that are prevalent in Bismarck include large apartment complexes or high rise apartments ( 27.23%), row houses and other attached homes ( 9.83%), and a few mobile homes or trailers ( 7.93%).
The most prevalent building size and type in Bismarck are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.40% owning and 36.60% renting.
There is a lot of housing in Bismarck built from 1970 to 1999 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 between 2000 and later ( 31.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.65%). There's also some housing in Bismarck built before 1939 ( 6.18%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Bismarck, where house values have increased just 41.74%, which is annualized rate of 3.55%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bismarck that despite a nationwide downturn in the housing market, Bismarck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bismarck appreciation rates continue to be some of the highest in America, at 6.71%, which is higher than appreciation rates in 72.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bismarck. Bismarck appreciation rates in the latest quarter were at -0.34%, which equates to an annual appreciation rate of -1.36%.
Relative to North Dakota, our data show that Bismarck's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Bismarck real estate investment or home purchase decisions.
$350,370
for North dakota
for nation
31,716
$1,291 / per month