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.