BISMARCK Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bismarck averaged 6.8% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 6.54% and one month ago for the week of 2024-05-02, the average rate was 6.63%.

Bismarck's average rate one year ago was 6.2%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Bismarck 30 Year Fixed Rate 2024-06-06 6.8%
Bismarck 30 Year Fixed Rate Refi 2024-06-06 7.49%
Bismarck 15 Year Fixed Rate 2024-06-06 6.09%
Bismarck 15 Year Fixed Rate Refi 2024-06-06 6.69%
Bismarck 30 Year FHA 2024-06-06 6.31%
Bismarck 30 Year FHA Refi 2024-06-06 6.49%
Bismarck 30 Year USDA 2024-06-06 6.7%
Bismarck 30 Year USDA Refi 2024-06-06 6.9%
Bismarck 30 Year VA 2024-06-06 6.23%
Bismarck 30 Year VA Refi 2024-06-06 6.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BISMARCK, ND.

BISMARCK Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BISMARCK, ND market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Gate City Bank 187 6.07% $5,754
Dakota Community Bank & Trust 68 6.40% $5,571
UNITED WHOLESALE MORTGAGE, LLC 55 7.12% $3,415
American Bank Center 53 6.45% $5,104
CAPITAL CREDIT UNION 52 6.42% $5,031
First International Bank & Trust 50 6.70% $6,335
ARK-LA-TEX FINANCIAL SERVICES, LLC. 39 6.61% $4,053
Starion Bank 37 5.61% $6,350
First Western Bank & Trust 31 6.24% $5,674
Choice Financial Group 28 6.23% $6,372
QUICKEN LOANS, LLC 24 6.78% $6,298
FIRST COMMUNITY CREDIT UNION 22 6.16% $7,115
Flagstar Bank, FSB 19 6.55% $8,471
U.S. Bank 16 6.85% $3,152
Bank of England 11 7.18% $5,596
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.44% $5,664
SeaTrust Mortgage Company 10 6.70% $6,040
Wells Fargo Bank 9 6.04% $5,597
BNC National Bank 7 6.18% $7,319
JPMorgan Chase Bank 7 6.41% $2,556
NEWREZ LLC 6 6.64% $3,089
GUARANTEED RATE, INC. 6 6.94% $6,140
Citizens Bank 6 6.23% $5,549
The Huntington National Bank 5 7.57% $3,674
Bremer Bank 5 6.30% $7,928
First Federal Bank 4 6.76% $5,441
Plains Commerce Bank 3 7.29% $8,441
LOANDEPOT.COM, LLC 3 6.75% $6,982
Unify Home Lending Inc. 3 7.04% $2,099
AMERISAVE MORTGAGE CORPORATION 2 7.88% $9,848
Dacotah Bank 2 5.88% $5,622
BMO Harris Bank 2 6.75% $4,069
Bell Bank 2 5.38% $9,752
GUILD MORTGAGE COMPANY 2 6.00% $8,860
Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $8,201
NBKC BANK 2 6.38% $3,046
PENNYMAC LOAN SERVICES, LLC 2 5.75% $10,529
Mortgage Research Center, LLC 1 6.63% $3,949
CMG MORTGAGE, INC. 1 5.88% $6,847
WESTERN COOPERATIVE CREDIT UNION 1 6.50% $2,917
Fortress Bank 1 5.63% $5,187
NEXERA HOLDING LLC 1 8.88% $12,344
Opportunity Bank of Montana 1 6.00% $6,094
Citibank 1 5.88% $2,507
Flanagan State Bank 1 6.25% $14,991
PLAZA HOME MORTGAGE, INC. 1 7.63% $1,730
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $5,749
Bank Forward 1 6.88% $5,804
BAY EQUITY LLC 1 6.63% $7,617
CHURCHILL MORTGAGE CORPORATION 1 6.50% $5,344
BETTER MORTGAGE CORPORATION 1 6.00% $3,448
TOTAL MORTGAGE SERVICES, LLC 1 5.99% $6,835
TOWN AND COUNTRY Credit Union 1 6.13% $2,572
West Gate Bank 1 7.25% $6,008
American Mortgage & Equity Consultants, Inc. 1 6.38% $8,782
USAA Federal Savings Bank 1 5.88% $4,569
Ally Bank 1 5.63% $13,654
HOMESIDE FINANCIAL, LLC 1 7.50% $24,360
Alerus Financial 1 6.50% $7,518
Merchants Bank 1 6.53% $3,959

BISMARCK Average Closing Costs & Other Stats

BISMARCK, ND's 60 lenders originated 2,429 loans during 2023. The total origination value was $650,595,000, with an average loan value of $267,845.

BISMARCK's average closing costs are $5,371.

The top BISMARCK lender as defined by loan originations is Gate City Bank, with 187 loans originated. Their average total fees are $5,754, which is $183 higher than the next largest lender, Dakota Community Bank & Trust.

The lowest fee BISMARCK lenders (with over 10 loans originated) are U.S. Bank ($3,152), UNITED WHOLESALE MORTGAGE, LLC ($3,415), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,053), CAPITAL CREDIT UNION ($5,031) and American Bank Center ($5,104).

The lowest rate BISMARCK lenders (with over 10 loans originated) are Starion Bank (5.61%), Gate City Bank (6.07%), FIRST COMMUNITY CREDIT UNION (6.16%), Choice Financial Group (6.23%) and First Western Bank & Trust (6.24%).

BISMARCK, ND Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Gate City Bank $151,715,000 $100,700,000 -33.6% 15.5%
CAPITAL CREDIT UNION $75,960,000 $55,015,000 -27.6% 8.5%
Security First Bank of North Dakota $7,820,000 $51,990,000 564.8% 8.0%
First International Bank & Trust $63,400,000 $36,530,000 -42.4% 5.6%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $59,450,000 $35,905,000 -39.6% 5.5%
Dakota Community Bank & Trust $42,660,000 $35,250,000 -17.4% 5.4%
Starion Bank $29,410,000 $23,670,000 -19.5% 3.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $19,965,000 $23,360,000 17.0% 3.6%
Choice Financial Group $26,320,000 $21,695,000 -17.6% 3.3%
UNITED WHOLESALE MORTGAGE, LLC $22,735,000 $21,630,000 -4.9% 3.3%
FIRST COMMUNITY CREDIT UNION $12,250,000 $18,665,000 52.4% 2.9%
First Western Bank & Trust $40,550,000 $16,460,000 -59.4% 2.5%
American Bank Center $36,365,000 $16,445,000 -54.8% 2.5%
Kirkwood Bank & Trust Co. $23,370,000 $15,885,000 -32.0% 2.4%
GUARANTEED RATE, INC. $24,265,000 $13,545,000 -44.2% 2.1%
Dacotah Bank $880,000 $13,400,000 1,422.7% 2.1%
BNC National Bank $24,160,000 $11,280,000 -53.3% 1.7%
QUICKEN LOANS, LLC $25,815,000 $10,270,000 -60.2% 1.6%
U.S. Bank $13,505,000 $9,995,000 -26.0% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,475,000 $9,820,000 3.6% 1.5%
Flagstar Bank, FSB $12,710,000 $8,625,000 -32.1% 1.3%
RAILWAY CREDIT UNION $6,410,000 $7,235,000 12.9% 1.1%
Old National Bank $6,125,000 n/a 0.9%
VUE COMMUNITY CREDIT UNION $8,830,000 $5,035,000 -43.0% 0.8%
Bank of England $7,530,000 $4,940,000 -34.4% 0.8%
Mortgage Research Center, LLC $5,615,000 $4,925,000 -12.3% 0.8%
SeaTrust Mortgage Company $4,295,000 n/a 0.7%
Wells Fargo Bank $9,180,000 $3,605,000 -60.7% 0.6%
NEWREZ LLC $3,360,000 $3,365,000 0.1% 0.5%
Citizens Bank $7,130,000 $3,190,000 -55.3% 0.5%
JPMorgan Chase Bank $2,765,000 $2,990,000 8.1% 0.5%
Bremer Bank $9,585,000 $2,855,000 -70.2% 0.4%
Cornerstone Bank $3,390,000 $2,850,000 -15.9% 0.4%
Plains Commerce Bank $11,615,000 $2,770,000 -76.2% 0.4%
The Huntington National Bank $5,280,000 $2,345,000 -55.6% 0.4%
Bell Bank $1,655,000 $1,940,000 17.2% 0.3%
PENNYMAC LOAN SERVICES, LLC $7,235,000 $1,760,000 -75.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $940,000 $1,515,000 61.2% 0.2%
LOANDEPOT.COM, LLC $4,810,000 $1,460,000 -69.6% 0.2%
USAA Federal Savings Bank $2,210,000 $1,270,000 -42.5% 0.2%
NBKC BANK $1,185,000 n/a 0.2%
First Federal Bank $1,135,000 n/a 0.2%
TOWN AND COUNTRY Credit Union $1,970,000 $1,085,000 -44.9% 0.2%
MID AMERICA MORTGAGE, INC. $670,000 $1,080,000 61.2% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,105,000 $985,000 -53.2% 0.2%
BMO Harris Bank $920,000 n/a 0.1%
American Federal Bank $905,000 n/a 0.1%
GUILD MORTGAGE COMPANY $1,960,000 $875,000 -55.4% 0.1%
FREEDOM MORTGAGE CORPORATION $4,620,000 $840,000 -81.8% 0.1%
DIGITAL Federal Credit Union $775,000 n/a 0.1%
CMG MORTGAGE, INC. $760,000 n/a 0.1%
Hometown Credit Union $275,000 $755,000 174.5% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $175,000 $730,000 317.1% 0.1%
NAVY FEDERAL CREDIT UNION $3,385,000 $685,000 -79.8% 0.1%
PENTAGON FEDERAL CREDIT UNION $625,000 $685,000 9.6% 0.1%
PLAZA HOME MORTGAGE, INC. $680,000 n/a 0.1%
Unify Home Lending Inc. $1,340,000 $645,000 -51.9% 0.1%
HOMESIDE FINANCIAL, LLC $490,000 $615,000 25.5% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $1,190,000 $585,000 -50.8% 0.1%
Figure Lending LLC $55,000 $570,000 936.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $560,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $540,000 n/a 0.1%
First Bank & Trust $515,000 n/a 0.1%
Discover Bank $570,000 $505,000 -11.4% 0.1%
GUARANTEED RATE AFFINITY, LLC $505,000 n/a 0.1%
Truist $1,845,000 $505,000 -72.6% 0.1%
21ST MORTGAGE CORPORATION $1,205,000 $450,000 -62.7% 0.1%
Armed Forces Bank $445,000 n/a 0.1%
Flanagan State Bank $445,000 n/a 0.1%
AMCAP MORTGAGE, LTD. $665,000 $435,000 -34.6% 0.1%
BAY EQUITY LLC $185,000 $430,000 132.4% 0.1%
American Mortgage & Equity Consultants, Inc. $345,000 $425,000 23.2% 0.1%
BETTER MORTGAGE CORPORATION $2,105,000 $415,000 -80.3% 0.1%
Merchants Bank $515,000 $405,000 -21.4% 0.1%
Barrington Bank & Trust Company, N.A. $255,000 $400,000 56.9% 0.1%
Alerus Financial $650,000 $385,000 -40.8% 0.1%
ZILLOW HOME LOANS, LLC $540,000 $385,000 -28.7% 0.1%
FINANCE OF AMERICA REVERSE LLC $365,000 n/a 0.1%
Home State Bank $365,000 n/a 0.1%
Ally Bank $305,000 n/a 0.0%
Bank Forward $145,000 $305,000 110.3% 0.0%
VILLAGE CAPITAL MORTGAGE $305,000 n/a 0.0%
Carrington Mortgage Services, LLC $295,000 n/a 0.0%
Opportunity Bank of Montana $285,000 n/a 0.0%
WESTERN COOPERATIVE CREDIT UNION $575,000 $285,000 -50.4% 0.0%
West Gate Bank $275,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $265,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $1,070,000 $265,000 -75.2% 0.0%
BROKER SOLUTIONS, INC. $1,360,000 $255,000 -81.3% 0.0%
Citibank $235,000 n/a 0.0%
NEXERA HOLDING LLC $225,000 n/a 0.0%
Fortress Bank $205,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $195,000 n/a 0.0%
CRESCENT MORTGAGE COMPANY $185,000 $185,000 0.0% 0.0%
TOTAL MORTGAGE SERVICES, LLC $185,000 n/a 0.0%
Unison Bank $175,000 n/a 0.0%
VALLEY MORTGAGE, INC. $680,000 $165,000 -75.7% 0.0%
Bank of America $495,000 $160,000 -67.7% 0.0%
Equity Prime Mortgage LLC $235,000 $145,000 -38.3% 0.0%
Coastal Community Bank $140,000 n/a 0.0%
BANKWEST, INC. $55,000 $120,000 118.2% 0.0%
PNC Bank $390,000 $110,000 -71.8% 0.0%
TRIAD FINANCIAL SERVICES, INC. $100,000 n/a 0.0%
Connexus Credit Union $95,000 n/a 0.0%
OPEN MORTGAGE, LLC $65,000 n/a 0.0%

BISMARCK's top lender by overall market share is Gate City Bank, with 15.5% market share. In second place, with 8.5%, is CAPITAL CREDIT UNION, having originated $55,015,000 in loans. In third place, with 8.0%, is Security First Bank of North Dakota, having originated $51,990,000 in loans. In fourth place, with 5.6%, is First International Bank & Trust, having originated $36,530,000 in loans. In fifth place, with 5.5%, is BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC, having originated $35,905,000 in loans.


BISMARCK Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - BISMARCK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $259,900 (1.0%) $297,309 (-3.9%) 0.96 577
2018-02-01 $255,400 (0.4%) $292,242 (-4.5%) 0.93 582
2018-03-01 $264,000 (1.6%) $302,553 (-2.6%) 0.93 606
2018-04-01 $269,900 (0.0%) $313,844 (-1.5%) 0.92 625
2018-05-01 $269,900 (0.9%) $315,735 (-1.0%) 0.90 701
2018-06-01 $274,900 (2.4%) $330,098 (2.5%) 0.92 741
2018-07-01 $268,400 (1.7%) $331,715 (5.2%) 0.90 753
2018-08-01 $269,175 (2.6%) $332,094 (4.6%) 0.90 779
2018-09-01 $272,900 (3.0%) $329,724 (3.8%) 0.92 815
2018-10-01 $269,675 (4.8%) $326,126 (6.3%) 0.91 812
2018-11-01 $269,900 (4.9%) $328,428 (7.9%) 0.91 792
2018-12-01 $274,900 (5.8%) $334,101 (10.4%) 0.95 732
2019-01-01 $273,900 (5.4%) $327,632 (10.2%) 0.95 665
2019-02-01 $269,900 (5.7%) $326,412 (11.7%) 0.91 650
2019-03-01 $274,186 (3.9%) $328,006 (8.4%) 0.90 633
2019-04-01 $279,186 (3.4%) $329,408 (5.0%) 0.89 647
2019-05-01 $271,900 (0.7%) $319,806 (1.3%) 0.85 709
2019-06-01 $270,995 (-1.4%) $320,071 (-3.0%) 0.85 763
2019-07-01 $269,900 (0.6%) $321,602 (-3.1%) 0.84 782
2019-08-01 $269,900 (0.3%) $321,169 (-3.3%) 0.85 768
2019-09-01 $269,900 (-1.1%) $316,299 (-4.1%) 0.86 740
2019-10-01 $269,900 (0.1%) $313,052 (-4.0%) 0.87 710
2019-11-01 $269,900 (0.0%) $314,432 (-4.3%) 0.88 642
2019-12-01 $269,900 (-1.8%) $314,789 (-5.8%) 0.90 589
2020-01-01 $269,900 (-1.5%) $315,089 (-3.8%) 0.90 506
2020-02-01 $274,900 (1.9%) $312,530 (-4.3%) 0.90 494
2020-03-01 $282,448 (3.0%) $322,778 (-1.6%) 0.89 504
2020-04-01 $294,950 (5.7%) $330,523 (0.3%) 0.92 508
2020-05-01 $289,000 (6.3%) $329,888 (3.2%) 0.88 514
2020-06-01 $283,475 (4.6%) $330,828 (3.4%) 0.84 499
2020-07-01 $277,990 (3.0%) $330,348 (2.7%) 0.81 479
2020-08-01 $289,900 (7.4%) $350,588 (9.2%) 0.83 455
2020-09-01 $298,000 (10.4%) $356,920 (12.8%) 0.85 443
2020-10-01 $299,900 (11.1%) $357,915 (14.3%) 0.86 425
2020-11-01 $292,718 (8.5%) $355,688 (13.1%) 0.86 391
2020-12-01 $299,900 (11.1%) $370,530 (17.7%) 0.89 340
2021-01-01 $304,900 (13.0%) $368,349 (16.9%) 0.91 270
2021-02-01 $311,175 (13.2%) $396,692 (26.9%) 0.91 207
2021-03-01 $317,900 (12.6%) $402,105 (24.6%) 0.90 205
2021-04-01 $330,200 (12.0%) $409,890 (24.0%) 0.89 198
2021-05-01 $336,950 (16.6%) $410,514 (24.4%) 0.90 202
2021-06-01 $314,900 (11.1%) $394,429 (19.2%) 0.83 245
2021-07-01 $269,900 (-2.9%) $383,422 (16.1%) 0.71 260
2021-08-01 $269,900 (-6.9%) $377,351 (7.6%) 0.72 264
2021-09-01 $269,900 (-9.4%) $367,783 (3.0%) 0.72 264
2021-10-01 $274,500 (-8.5%) $361,761 (1.1%) 0.73 277
2021-11-01 $277,400 (-5.2%) $364,848 (2.6%) 0.74 247
2021-12-01 $265,000 (-11.6%) $362,827 (-2.1%) 0.72 230
2022-01-01 $299,450 (-1.8%) $371,271 (0.8%) 0.81 190
2022-02-01 $338,900 (8.9%) $383,801 (-3.3%) 0.88 179
2022-03-01 $342,925 (7.9%) $402,536 (0.1%) 0.86 177
2022-04-01 $349,950 (6.0%) $434,319 (6.0%) 0.83 178
2022-05-01 $389,800 (15.7%) $459,224 (11.9%) 0.89 196
2022-06-01 $404,225 (28.4%) $481,404 (22.1%) 0.90 225
2022-07-01 $385,400 (42.8%) $457,569 (19.3%) 0.87 296
2022-08-01 $369,900 (37.1%) $439,980 (16.6%) 0.86 289
2022-09-01 $369,950 (37.1%) $443,959 (20.7%) 0.86 283
2022-10-01 $372,500 (35.7%) $436,944 (20.8%) 0.88 291
2022-11-01 $368,200 (32.7%) $429,312 (17.7%) 0.89 299
2022-12-01 $392,450 (48.1%) $430,715 (18.7%) 0.97 275
2023-01-01 $399,900 (33.5%) $437,901 (18.0%) 0.99 271
2023-02-01 $404,450 (19.3%) $446,267 (16.3%) 0.98 242
2023-03-01 $429,950 (25.4%) $457,414 (13.6%) 1.01 232
2023-04-01 $435,000 (24.3%) $454,609 (4.7%) 1.01 227
2023-05-01 $459,900 (18.0%) $499,735 (8.8%) 1.04 239
2023-06-01 $462,950 (14.5%) $506,196 (5.2%) 1.05 264
2023-07-01 $459,900 (19.3%) $501,912 (9.7%) 1.05 301
2023-08-01 $433,900 (17.3%) $482,364 (9.6%) 1.00 344
2023-09-01 $425,450 (15.0%) $467,465 (5.3%) 0.99 357
2023-10-01 $410,450 (10.2%) $466,402 (6.7%) 0.97 361
2023-11-01 $410,450 (11.5%) $466,057 (8.6%) 0.98 342
2023-12-01 $414,900 (5.7%) $466,648 (8.3%) 0.00 332
2024-01-01 $414,950 (3.8%) $473,523 (8.1%) 0.00 327
2024-02-01 $409,400 (1.2%) $469,080 (5.1%) 0.00 287
2024-03-01 $417,450 (-2.9%) $474,122 (3.7%) 0.00 281
2024-04-01 $461,150 (6.0%) $504,522 (11.0%) 0.00 262
2024-05-01 $482,400 (4.9%) $526,523 (5.4%) 0.00 283
BISMARCK's median listing price for 2024-05-01 was $482,400, a difference of $22,500 (4.9%) versus the prior year and $21,250 versus the prior month.

BISMARCK's median listing price comes in at 0% of the national average.

BISMARCK's average listing price for 2024-05-01 was $526,523, a difference of $26,788 (5.4%) versus the prior year and $22,001 versus the prior month.

For the 2024-05-01 period, BISMARCK had 283 MLS listings, a difference of 21 listings (8%) versus the prior month and 44 listings (18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - BISMARCK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 94 days 1,934 sqft
2018-02-01 83 days 1,964 sqft
2018-03-01 59 days 1,990 sqft
2018-04-01 58 days 2,019 sqft
2018-05-01 53 days 2,034 sqft
2018-06-01 56 days 2,077 sqft
2018-07-01 65 days 2,093 sqft
2018-08-01 65 days 2,085 sqft
2018-09-01 68 days 1,522 sqft
2018-10-01 77 days 2,136 sqft
2018-11-01 79 days 2,104 sqft
2018-12-01 87 days 2,109 sqft
2019-01-01 91 days 2,062 sqft
2019-02-01 96 days 2,042 sqft
2019-03-01 91 days 2,044 sqft
2019-04-01 77 days 2,046 sqft
2019-05-01 55 days 2,044 sqft
2019-06-01 53 days 2,064 sqft
2019-07-01 59 days 2,061 sqft
2019-08-01 63 days 2,048 sqft
2019-09-01 69 days 2,033 sqft
2019-10-01 76 days 2,021 sqft
2019-11-01 85 days 2,004 sqft
2019-12-01 96 days 2,000 sqft
2020-01-01 94 days 2,003 sqft
2020-02-01 95 days 2,012 sqft
2020-03-01 63 days 2,072 sqft
2020-04-01 61 days 2,096 sqft
2020-05-01 61 days 2,086 sqft
2020-06-01 51 days 2,034 sqft
2020-07-01 54 days 2,021 sqft
2020-08-01 51 days 2,036 sqft
2020-09-01 51 days 2,111 sqft
2020-10-01 60 days 2,007 sqft
2020-11-01 67 days 1,954 sqft
2020-12-01 71 days 1,948 sqft
2021-01-01 79 days 1,801 sqft
2021-02-01 74 days 1,805 sqft
2021-03-01 61 days 1,866 sqft
2021-04-01 36 days 1,895 sqft
2021-05-01 35 days 2,050 sqft
2021-06-01 31 days 2,069 sqft
2021-07-01 34 days 1,913 sqft
2021-08-01 43 days 2,017 sqft
2021-09-01 47 days 2,061 sqft
2021-10-01 44 days 2,080 sqft
2021-11-01 50 days 1,979 sqft
2021-12-01 55 days 1,926 sqft
2022-01-01 68 days 1,980 sqft
2022-02-01 60 days 2,015 sqft
2022-03-01 33 days 1,960 sqft
2022-04-01 37 days 2,047 sqft
2022-05-01 39 days 2,192 sqft
2022-06-01 35 days 2,197 sqft
2022-07-01 34 days 2,121 sqft
2022-08-01 40 days 2,125 sqft
2022-09-01 46 days 2,165 sqft
2022-10-01 46 days 2,143 sqft
2022-11-01 51 days 2,122 sqft
2022-12-01 65 days 2,080 sqft
2023-01-01 82 days 2,085 sqft
2023-02-01 78 days 2,094 sqft
2023-03-01 55 days 2,078 sqft
2023-04-01 52 days 2,058 sqft
2023-05-01 36 days 2,195 sqft
2023-06-01 34 days 2,321 sqft
2023-07-01 44 days 2,326 sqft
2023-08-01 51 days 2,294 sqft
2023-09-01 52 days 2,151 sqft
2023-10-01 49 days 2,169 sqft
2023-11-01 53 days 2,084 sqft
2023-12-01 0 days 2,058 sqft
2024-01-01 0 days 2,041 sqft
2024-02-01 0 days 1,969 sqft
2024-03-01 0 days 1,992 sqft
2024-04-01 0 days 2,086 sqft
2024-05-01 0 days 2,187 sqft
BISMARCK's median listing age (time on market) for 2024-05-01 was 0 days. This is -100% shorter than the same period one year ago.

BISMARCK's median square footage for active listings during the 2024-05-01 period was 2,187 sqft. One year prior, the average listing was 2,195 sqft.

BISMARCK, ND Average Rent (2023)

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For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
58477 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58494 Bismarck, ND MSA $820 $930 $1,060 $1,510 $1,800
58501 Bismarck, ND MSA $710 $810 $920 $1,310 $1,570
58502 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58503 Bismarck, ND MSA $810 $910 $1,040 $1,480 $1,770
58504 Bismarck, ND MSA $700 $790 $900 $1,280 $1,530
58505 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58506 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58507 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58520 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58521 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58523 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58524 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58530 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58532 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58535 Bismarck, ND MSA $710 $810 $920 $1,310 $1,570
58545 Bismarck, ND MSA $760 $860 $980 $1,390 $1,670
58554 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58558 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58560 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58563 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58566 Bismarck, ND MSA $710 $810 $920 $1,310 $1,570
58569 Bismarck, ND MSA $710 $810 $920 $1,310 $1,570
58570 Bismarck, ND MSA $710 $810 $920 $1,310 $1,570
58571 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58572 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58579 Bismarck, ND MSA $720 $820 $930 $1,320 $1,580
58631 Bismarck, ND MSA $660 $720 $830 $1,170 $1,410
58638 Bismarck, ND MSA $660 $750 $850 $1,210 $1,450

2022 Average & Median Rent Data Statistics
BISMARCK, ND average 1BR rent: $802, median: $820
BISMARCK, ND average 2BR rent: $914, median: $930
BISMARCK, ND average 3BR rent: $1,297, median: $1,320

BISMARCK, ND Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,471 $441,595,000 $300,201
Other 332 $26,870,000 $80,934
Home Improvement 275 $23,035,000 $83,764
Refi 206 $129,300,000 $627,670
Cash Out Refi 145 $29,795,000 $205,483

Bismarck's most frequently cited loan purpose was Home Purchase, with 1,471 originations. The 2nd most popular reason was Other, with 332 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 876 $224,430,000 $256,199
7-8% 476 $124,480,000 $261,513
5-6% 430 $113,420,000 $263,767
Over 8% 348 $36,860,000 $105,920
4-5% 45 $17,785,000 $395,222
3-4% 31 $11,675,000 $376,613
2.5-3% 8 $1,240,000 $155,000
<2.5% 2 $780,000 $390,000

During 2023, Bismarck's most frequently originated rate bucket was 6-7%, with 876 originations.

Loan Sizing (BISMARCK, ND MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 919 $257,885,000 $280,615
$100,000 or less 681 $34,965,000 $51,344
$100k-200k 526 $79,240,000 $150,646
$400k-600k 209 $97,785,000 $467,871
$600k-1000k 74 $52,510,000 $709,595
$Over $1MM 20 $128,210,000 $6,410,500

BISMARCK's loan sizing saw the bucket of loans from $200k-400k with 919 originations, totaling $257,885,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 912 $278,300,000 $305,154
Under 20% 443 $23,705,000 $53,510
60-80% 372 $137,900,000 $370,699
20-40% 277 $33,545,000 $121,101
40-60% 180 $47,480,000 $263,778
Over 100% 27 $44,975,000 $1,665,741

BISMARCK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 912 originations, totaling $278,300,000 in origination value.