Minot
North Dakota · Ranked #89 of 373 metros
87Affordable
💡
Housing in Minot costs 3.3× the median income, below the national average of 4.5×. The median home price is $238K and median rent is $985/month. Minot ranks #89 of 373 metros for affordability.
Median Home Price
🏠$238K
Need $70K income
Median Rent
🔑$985
Need $39K income
Building Permits
🔨141
annual
Median Income
💰$72K
Pop: 79,776
Rent Burden
⚠️8.9%
of renters paying >30%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Minot | National |
|---|---|---|
| Price-to-Income Ratio | 3.3x | 6.1x |
| Rent Burden | 8.9% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +33%Since 2000: +225.4%
Zillow Market Data
Home Value (ZHVI)
$260K
1yr: +2.1%5yr: +26.2%
Rent (ZORI)
$986/mo
1yr: +4.7%5yr: +27.4%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$300K
Active Inventory
183
Days on Market
68
Sold Above List
10.2%
Price Drops
14.2%