Bismarck, ND home values, income, and owner costs

The local figures answer the first question: In Bismarck, ND, the 2024 ACS reports a median owner-occupied home value of $300,300, median household income of $78,387, and median selected monthly owner costs of $1,847 for owners with a mortgage. For borrower planning, together, those three reference points can still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,847 measure combines recurring ownership expenses in place of real estate taxes alone. A useful affordability review starts with $300,300, $78,387, and $1,847, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Bismarck, ND's $300,300 median home-value estimate is above the statewide $249,900 estimate, with a reported city-to-state gap of 20.2%. For borrower planning, that 20.2% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Bismarck, ND. It does not mean every local property is 20.2% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. Borrowers can use $300,300 and $249,900 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.