Bismarck, MN housing market
Home prices around Bismarck have risen about 31% over the past 5 years.
Home values, sales, trends and how Bismarck compares with the towns next door — updated as new data is published.
Home prices up 31% in 5 years
The federal house price index for the ZIP codes around Bismarck rose 31% over the past 5 years, slower than across Minnesota (37%). Last year prices rose 14%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | +14% | +85% | +107% |
| 2024 | −5.7% | +62% | +102% |
| 2023 | +2.5% | +72% | +95% |
| 2022 | +9.9% | +68% | +87% |
| 2021 | +8.3% | +52% | +66% |
| 2020 | +3.8% | +41% | +52% |
| 2019 | +8.8% | +36% | +48% |
| 2018 | +8.7% | +25% | +42% |
| 2017 | +0.5% | +15% | +34% |
| 2016 | +19% | +14% | +27% |
| 2015 | −9.5% | −4.4% | +21% |
| 2014 | +5.1% | +5.6% | +17% |
| 2013 | +0.5% | +0.5% | +11% |
| 2012 | −7.7% | −0.1% | +6.4% |
| 2011 | −5.7% | +8.2% | +8% |
| 2010 | −2.7% | +15% | +14% |
| 2009 | +1.1% | +18% | +22% |
| 2008 | −14% | +17% | +30% |
| 2007 | +15% | +36% | +36% |
| 2006 | −4.6% | +19% | +37% |
| 2005 | +6.4% | +24% | +33% |
| 2004 | +9.9% | +17% | +23% |
| 2003 | −1.6% | +6.3% | +13% |
| 2002 | +8.1% | +8.1% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55396, 55335, covering 71% of Bismarck’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Bismarck and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Bismarck | +14.3%† | $1,000 | $75,000 |
| Transit | +11.8%† | $990 | $112,917 |
| Cornish | +14.4%† | $1,000 | $78,750 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Bismarck is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $740 · 4 bedrooms $1,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55335, 55396; McLeod County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.