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Advertise here →Minot, ND · Market Data
Minot, North Dakota real estate market data.
Real estate market data for Minot, ND (Ward County) — Census median home value $254,400, county listing prices up about 21.4% over the past year.
Minot, ND is in Ward County, North Dakota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 47,922, with a median household income of $77,431. Census data puts Minot's median home value at $254,400 (all owner-occupied homes); Ward County's current median listing price runs $375,600, up about 21.4% over the past year.
At a glance
Minot market snapshot
Population
47,922
Median Household Income
$77,431
Median Home Value (city)
$254,400
Median Listing Price (Ward County)
$375,600
Median Gross Rent
$928/mo
Price Trend (YoY)
+21.4%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Minot different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Minot's median home value — across all owner-occupied homes, not just recent sales — at $254,400. Separately, Ward County's current median listing price (via Realtor.com data, 2026-06-01) runs $375,600. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Ward County's FHFA house price index shows a 3.65% annual change in 2025.
Population & Income
Minot has an estimated population of 47,922 and a median household income of $77,431, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Minot's Census-reported median home value works out to about 3.3x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Minot FAQ
What are home values like in Minot, ND?
The Census Bureau's American Community Survey puts Minot's median home value at $254,400. Ward County's current median listing price runs $375,600, up about 21.4% over the past year.
What is the population of Minot, ND?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Minot's population at approximately 47,922.
What's the median rent in Minot, ND?
The Census ACS estimates median gross rent in Minot at approximately $928 per month.
What is the median household income in Minot, ND?
Census ACS data puts the median household income in Minot at approximately $77,431.
Is the Minot housing market growing?
Ward County's FHFA house price index shows a 3.65% annual change in 2025.
Is Minot, ND affordable relative to income?
Census ACS data puts Minot's median home value at about 3.3 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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