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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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: $116,505
- 1-year price change: -5.0%
- 5-year price change: -11.1%
#6. Beulah, ND
- Typical home value: $210,224
- 1-year price change: +5.8%
- 5-year price change: +15.0%
#5. New Salem, ND
- Typical home value: $214,268
- 1-year price change: -0.8%
- 5-year price change: +8.8%
#4. Wilton, ND
- Typical home value: $247,144
- 1-year price change: +3.2%
- 5-year price change: +26.3%
#3. Lincoln, ND
- Typical home value: $292,004
- 1-year price change: +4.5%
- 5-year price change: +20.0%
#2. Mandan, ND
- Typical home value: $320,082
- 1-year price change: +2.3%
- 5-year price change: +26.6%
#1. Bismarck, ND
- Typical home value: $348,397
- 1-year price change: +2.0%
- 5-year price change: +26.2%