Renters in Bismarck are paying more than ever, with average monthly rent climbing 54% over the past decade, from about $950 in 2015 to $1,465 in 2025. Despite the sharp increase, the city remains affordable compared to national standards, thanks to strong household incomes and a cost of living 9% below the U.S. average.
Across North Dakota, housing affordability has become a pressing issue as population growth and economic development drive demand. In Bismarck, the median household income stands at $77,608, keeping the rent-to-income ratio at roughly 22%—well below the federal affordability threshold of 30%. Meanwhile, just across the river in Mandan, the median home sale price fell to $288,000 in February 2025, marking a 12.1% drop from last year.
These trends reflect broader national patterns of rising rents, fluctuating home values, and an affordability squeeze. However, Bismarck’s relative resilience offers some relief to residents and newcomers alike.
For Bismarck residents, the dual reality of rising rent and more affordable home sale prices presents both challenges and opportunities. Young professionals may find renting less of a burden compared to bigger U.S. cities, while families considering homeownership could see Mandan’s cooling housing market as a potential opening.
Local officials say they’re monitoring affordability closely as more people move to the region for jobs in health care, energy, and education. With demand growing, the balance between maintaining affordability and supporting development remains a key priority.
City Commissioner Laura Berg noted, "Affordability is something we’re committed to protecting. We want growth, but we want to ensure working families can continue to call Bismarck home."
As Bismarck continues to grow, housing affordability will remain a top concern for residents and leaders. The mix of higher rents, stable incomes, and a cooling housing market across the river paints a complex but manageable picture. For now, Bismarck stands out as a community where costs remain relatively low, but ongoing vigilance will be key to preserving that advantage.
