Bismarck, ND


Highest Appreciating Bismarck Neighborhoods Since 2000

Bismarck, ND Real Estate Data

Bismarck Housing Market Information

With 71,167 people, 29,716 houses or apartments, and a median cost of homes of $222,328, 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 55.32% over the last ten years, which is an average annual home appreciation rate of 4.50%, 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.

Over the last year, Bismarck appreciation rates have trailed the rest of the nation. In the last twelve months, Bismarck's appreciation rate has been -0.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bismarck were at 1.01%, which equates to an annual appreciation rate of 4.10%.

Relative to North Dakota, our data show that Bismarck's latest annual appreciation rate is higher than 60% 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:


Value Range
> $1,171,000 0.0
$878,001 - $1,171,000 0.6
$586,001 - $878,000 1.8
$468,001 - $586,000 3.7
$351,001 - $468,000 9.9
$234,001 - $351,000 29.0
$117,001 - $234,000 39.3
$59,001 - $117,000 5.8
$0 - $59,000 9.7

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
26.9014414625571 14.1592920353982

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$896 / per month

Homeownership Rate

Owners 62.16
Renters 37.84
Vacant 4.29

Housing Market Details


Age of Homes

2000 or Newer 20.5
1970 - 1999 49.3
1940 - 1969 24.7
1939 or Older 5.5

Types of 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

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

Bismarck Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
112.71% 4.47% 4 10
* 10 is highest