Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$268,966+3.4% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$58,306About 0.8× the local median income ($74,079): affordable for a typical household
Days on market51 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.3%Zillow expects prices to rise slightly
The typical home in Minot, ND is worth $268,966, up 3.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $281,354, so the area is 4.4% undervalued. It is a seller's market: homes take about 51 days to sell, listings are down 2% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 1.3% over the next year. A household needs about $58,306 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,079. Typical rent is $1,252 a month, or $1,821 for a house. In the latest IRS figures, 661 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$268,966
Change in 1 year
+3.4%
Overvalued %
−4.4%
Show 7 more
Fair home value
$281,354
Change in 5 years
+24.8%
Zillow forecast, next 12 months
+1.3%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,458
Income needed to afford it
$58,306
Property tax rate
1.03%
Rent and investing
Typical rent
$1,252
Typical rent for houses
$1,821
Price-to-rent ratio
17.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,046
Gross rental yield
5.59%
Cap rate (estimate)
3.63%
Market activity
Listings vs a year ago
−1.5%
Days on market
51
Listings with a price cut
17.1%
Show 3 more
Homes for sale
197
Pending sales per 100 listings
48
Asking price per sq ft
$147
People and jobs
Median household income
$74,079
Population change (1 year)
+0.1%
Unemployment rate
3.5%
Show 4 more
Population
75,694
Income adjusted for cost of living
$85,148
Net moves in (IRS)
−661
Cost of living (US = 100)
87.0
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
59.3
Unhealthy air days a year
12
Show 4 more
Flood risk score
38.4
Wildfire risk score
78.6
Walkability (1 to 20)
7.7
Road, rail and air noise
51 dB
Questions people ask
Is Minot, ND overvalued?
Home prices in Minot, ND are slightly below what local incomes have historically supported: fair value is about $281,354, so the area is 4.4% undervalued.
Is Minot, ND a buyer's or seller's market?
Minot, ND is a seller's market: homes take about 51 days to sell, listings are down 2% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Minot, ND?
Home values in Minot, ND are up 3.4% over the last year. Zillow's forecast for the next 12 months is +1.3%.
How much do you need to earn to buy a home in Minot, ND?
A household needs about $58,306 a year to afford the typical home in Minot, ND at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,079.