Bismarck vs Minot
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Bismarck has an edge
Bismarck currently favors renting, with better rent-to-price dynamics.
Median Home Price
$352,674.51
Median Rent
$1,306.51/mo
Price-to-Rent RatioTIE
22.5
Property Tax RateTIE
0.98%
Price Change (1Y)BETTER
+4.8%
Price Change (5Y)BETTER
+24.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$147,984
Median Home PriceBETTER
$272,771.95
Median RentBETTER
$1,018.42/mo
Price-to-Rent RatioTIE
22.3
Property Tax RateTIE
0.98%
Price Change (1Y)
+3.2%
Price Change (5Y)
+15.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$170,308
Key Differences
Home Prices
Bismarck's median home price of $352,674.51 is higher than Minot's $272,771.95 by 29%.
Monthly Rent
Renting in Bismarck costs $1,306.51/mo compared to $1,018.42/mo in Minot—a difference of $288.09/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.