Bismarck, ND Real Estate Market 2026

Investor-grade market analytics for Bismarck, North Dakota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$360,301

+5.6% year-over-year

Est. Rental Yield

4.6%

gross annual

12-Month Forecast

-5.9%

base case (Zillow ZHVF)

-5.9% year-over-year

Market Momentum

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Warm
2.4mo supply ยท Score +2/7

Migration: Top 35% nationally

Income Migration

โžก๏ธ Neutral1.03x

In-migrants avg $64,222 AGI vs out-migrants $62,105

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Opportunity Zone Market

4 ZIP codes in Bismarck are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Bismarck Market Summary

Bismarck, ND is experiencing strong growth with 5.6% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 4.29x, below the national average of 4.8x. Modest net positive migration (+59 returns/year) provides steady demand support. Climate risk remains low (28/100), favorable for long-term investment stability. Rental yield of 4.57% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score82/100
Price-to-Income Ratio4.3x (national avg 4.8x)
Median Household Income$83,982

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-8.8%
Base Case-5.9%
Bull Case-2.9%

Climate & Natural Hazard Risk

Bismarck, ND's primary climate exposure is flooding (28/100). The composite climate risk score of 28/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Bismarck dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.