Cities with the most expensive homes in the Bismarck metro area
Cities with the most expensive homes in the Bismarck metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Bismarck metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Glen Ullin, ND
- Typical home value: $121,323
- 1-year price change: -3.7%
- 5-year price change: -11.0%
#6. New Salem, ND
- Typical home value: $212,384
- 1-year price change: +0.3%
- 5-year price change: +8.9%
#5. Beulah, ND
- Typical home value: $215,443
- 1-year price change: +5.7%
- 5-year price change: +15.7%
#4. Wilton, ND
- Typical home value: $249,685
- 1-year price change: +3.8%
- 5-year price change: +26.5%
#3. Lincoln, ND
- Typical home value: $292,454
- 1-year price change: +4.8%
- 5-year price change: +20.5%
#2. Mandan, ND
- Typical home value: $320,052
- 1-year price change: +2.7%
- 5-year price change: +27.9%
#1. Bismarck, ND
- Typical home value: $348,535
- 1-year price change: +2.6%
- 5-year price change: +26.7%