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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $114,315
- 1-year price change: -8.3%
- 5-year price change: -13.8%
#6. Beulah, ND
- Typical home value: $193,919
- 1-year price change: +4.4%
- 5-year price change: +7.6%
#5. New Salem, ND
- Typical home value: $203,020
- 1-year price change: -8.2%
- 5-year price change: +3.9%
#4. Wilton, ND
- Typical home value: $233,427
- 1-year price change: +0.6%
- 5-year price change: +22.4%
#3. Lincoln, ND
- Typical home value: $277,351
- 1-year price change: +3.6%
- 5-year price change: +19.0%
#2. Mandan, ND
- Typical home value: $308,288
- 1-year price change: +5.1%
- 5-year price change: +25.1%
#1. Bismarck, ND
- Typical home value: $338,967
- 1-year price change: +3.4%
- 5-year price change: +26.5%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.