The story of this market
The typical home in Minot, North Dakota sells for about $360,000, or $152 per square foot.
Prices are up +5.77% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,300 a month.
Monthly price momentum
Home values since 2015
+4.6%
ND · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Minot, North Dakota
Minot's housing market shows steady growth with a median listing price of $360,000 and a year-over-year increase of 5.77%. The market is characterized by consistent demand, particularly in the rental sector, and is supported by a stable economic base anchored by the Minot Air Force Base. Ongoing flood protection infrastructure projects remain a critical factor in long-term property stability and development planning.
No ARED county foreclosure postings attributed to Minot yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 5.8% year over year.
Homes spend a median of 45 days on market with 0.0 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional attraction that serves as a key cultural and recreational anchor for the city, drawing visitors and enhancing local quality of life.
A prominent local golf facility that provides significant outdoor recreational space and contributes to the city's amenity base.
A central community park offering green space and recreational facilities, serving as a focal point for local outdoor activities.
Minot is well-suited for families and military personnel associated with the nearby Air Force base, offering a stable, community-focused environment. It also attracts investors looking for steady rental demand and buyers seeking a lower cost of living compared to larger national metros.
Minot is served by major highway corridors that facilitate regional connectivity, with the Minot International Airport providing essential air travel access for the area.
Minot offers a variety of recreational amenities including the Roosevelt Park Zoo, Souris Valley Golf Course, and extensive park systems like Oak Park that provide significant green space for residents.
The rental market in Minot shows steady demand, with a median rent of approximately $1,300 per month. Vacancy pressure remains balanced, supported by the consistent housing needs of military personnel and local workers.
The economy is heavily influenced by the presence of Minot Air Force Base, which serves as a primary economic driver. The region also maintains a strong foundation in agriculture and energy-related industries.
The local economy is anchored by Minot Air Force Base and the regional agricultural and energy sectors, with ongoing infrastructure upgrades and flood protection projects driving development momentum.
Development is currently focused on long-term flood mitigation infrastructure and general municipal utility improvements to support the city's residential and commercial growth.
Minot is situated in the Souris River Valley, which has historically faced significant flood risks, leading to ongoing large-scale flood protection infrastructure projects to mitigate future damage.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (North Dakota) — Homestead Property Tax Credit: Provides a reduction in property tax liability based on income brackets, effectively lowering the tax burden for eligible homeowners. State (North Dakota) — Ad Valorem Property Tax: Tax is calculated by multiplying the taxable value by the total millage rate. Taxable value is 4.5% of the true and full (market) value. Formula: (Market Value * 0.50 * 0.09) * (Mills / 1000) or more simply (Market Value * 0.045) * (Mills / 1000).
Data retrieved from U.S. Census Bureau profile for Minot city, North Dakota.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
applies when — Applies to construction or modification of sidewalks, curbs, or driveways
Fee determined by lineal feet with a $10.00 minimum and $50.00 maximum.
As established in the City of Minot Permit Fee schedule.
Restricts land use, building location, and development density according to the City of Minot Zoning Ordinance.
Codified in Chapter 25 of the City of Minot Code of Ordinances.
Levied as a mill rate against the taxable value of property; for the 2027 budget, the proposed general fund levy is 18.4 mills.
Based on the 2027 proposed budget cycle.
applies when — Applies to residential construction projects requiring a building permit
Fee calculated at $5.00 per $1,000 of construction value, plus a $75.00 plan review fee.
As established in the City of Minot Permit Fee schedule.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.