Bismarck, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bismarck Neighborhoods Since 2000




Bismarck, ND Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bismarck Housing Market Information

With a population of 71,167, 29,716 total housing units (homes and apartments), and a median house value of $224,233, 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 46.78% of the city's housing units. Other types of housing that are prevalent in Bismarck include large apartment complexes or high rise apartments ( 26.06%), mobile homes or trailers ( 9.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.31%).

People in Bismarck primarily live in small (one, two or no bedroom) single-family detached homes. Bismarck has a mixture of owner-occupied and renter-occupied housing.

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 1940-1969 ( 24.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.46%). There's also some housing in Bismarck built before 1939 ( 5.54%).

Bismarck Home Appreciation Rates

In the last 10 years, Bismarck has experienced some of the highest home appreciation rates of any community in the nation. Bismarck real estate appreciated 52.33% over the last ten years, which is an average annual home appreciation rate of 4.30%, putting Bismarck in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bismarck definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bismarck's appreciation rate, at 3.33%, has been at or slightly above the national average. In the latest quarter, Bismarck's appreciation rate has been 0.66%, which annualizes to a rate of 2.66%.

Relative to North Dakota, our data show that Bismarck's latest annual appreciation rate is lower than 80% 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.

Average Home Values

 

Median Home Value:
$224,233

Bismarck, ND HOME PRICES

Value Range
> $1,181,000 0.2
$885,001 - $1,181,000 0.6
$591,001 - $885,000 1.8
$473,001 - $591,000 3.7
$354,001 - $473,000 9.9
$236,001 - $354,000 29.0
$118,001 - $236,000 39.3
$59,001 - $118,000 5.8
$0 - $59,000 9.7

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
26.9483182936834 14.1592920353982

Number Of Homes And Apartments:
29,716

Bismarck Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
114.67% 4.53% 4 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$925 / per month

Homeownership Rate

Homeownership
Owners 62.16
Renters 37.84
Vacant 4.29

Housing Market Details

 

Age of Homes

AGE OF Bismarck HOMES
2000 or Newer 20.5
1970 - 1999 49.3
1940 - 1969 24.7
1939 or Older 5.5

Types of Homes

TYPE OF Bismarck HOMES
Single-Family 46.8
Townhomes 8.1
Small Apt. Buildings 9.3
Apt. Complexes 26.1
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Bismarck HOMES
No Bedroom 3.34
1 Bedroom 9.71
2 Bedrooms 33.69
3 Bedrooms 27.57
4 Bedrooms 18.55
5 or more bedrooms 7.14