The cities with the most expensive homes in the Bismarck metro area
Oct 26, 2024
STACKER — 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.
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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.
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#7. Glen Ullin, ND
- Typical home value: $116,505- 1-year price change: -5.0%- 5-year price change: -11.1%
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#6. Beulah, ND
- Typical home value: $210,224- 1-year price change: +5.8%- 5-year price change: +15.0%
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#5. New Salem, ND
- Typical home value: $214,268- 1-year price change: -0.8%- 5-year price change: +8.8%
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#4. Wilton, ND
- Typical home value: $247,144- 1-year price change: +3.2%- 5-year price change: +26.3%
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#3. Lincoln, ND
- Typical home value: $292,004- 1-year price change: +4.5%- 5-year price change: +20.0%
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#2. Mandan, ND
- Typical home value: $320,082- 1-year price change: +2.3%- 5-year price change: +26.6%
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#1. Bismarck, ND
- Typical home value: $348,397- 1-year price change: +2.0%- 5-year price change: +26.2%
This article originally appeared on Stacker, and was produced and distributed through a partnership with Stacker Studio. It has been republished pursuant to a CC by NC 4.0 License.
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