Median Home Price
$352,674.51
Median Rent
$1,306.51/mo
Price-to-Rent Ratio
22.5
Property Tax RateTIE
0.98%
Price Change (1Y)
+4.8%
Price Change (5Y)
+24.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$147,984
Median Home PriceBETTER
$276,329.24
Median RentBETTER
$1,150.81/mo
Price-to-Rent RatioBETTER
20.0
Property Tax RateTIE
0.98%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$43,029
Key Differences
Home Prices
Bismarck's median home price of $352,674.51 is higher than Grand Forks's $276,329.24 by 28%.
Monthly Rent
Renting in Bismarck costs $1,306.51/mo compared to $1,150.81/mo in Grand Forks—a difference of $155.7/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.