The story of this market
The typical home in ZIP 58702 sells for about $215,000, or $135 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 58702 — Minot
The housing market in 58702 remains stable with low inventory and moderate price growth. Demand is supported by the local military and healthcare sectors, keeping the market balanced despite broader economic headwinds. Sales activity is consistent with historical norms for this region.
This ZIP is well-suited for families and military-affiliated households seeking affordable housing and a stable, community-focused environment. It is less attractive to investors looking for rapid appreciation but offers reliable long-term value.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 58702, Ward County ND
Minot, which encompasses ZIP 58702, generally reports crime rates consistent with regional North Dakota averages, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address public safety.
The area is served by Minot Public Schools, which maintains a stable reputation for academic performance and extracurricular engagement. Schools in this district are generally considered well-resourced relative to the state average.
The region faces periodic flood risks, particularly near the Souris River, necessitating strict adherence to FEMA flood zone regulations and local mitigation efforts. Winter weather severity is a primary environmental factor influencing property maintenance and insurance requirements.
Economic momentum is driven by the energy sector, regional healthcare, and the presence of Minot Air Force Base. Infrastructure development remains focused on flood protection projects and regional transportation connectivity.
Property taxes are assessed at the county level based on true and full value, with a state-mandated assessment ratio. North Dakota offers a homestead credit for seniors and disabled individuals, which can significantly reduce the effective tax burden for qualifying residents.
Commutes are primarily car-dependent, with most residents traveling within the city of Minot for employment. Traffic congestion is minimal, and the grid layout provides efficient access to major thoroughfares.
The area features extensive park systems, including Oak Park and Roosevelt Park, which offer trails and seasonal activities. Shopping and dining are concentrated in the central business district and along the Broadway corridor.
The rental market is characterized by steady demand from military personnel and energy-sector workers, keeping vacancy rates relatively low. Rent growth has been moderate, reflecting the broader stability of the local economy.
The economy is anchored by Minot Air Force Base, Trinity Health, and regional agricultural services. The energy sector provides cyclical but significant economic support to the local labor market.
The area is served by a network of state highways, with limited public transit options. Most residents rely on personal vehicles for daily commuting.
Development is currently focused on residential infill and the expansion of flood-resilient infrastructure. Commercial growth is concentrated in the northern and western sectors of the city.
The Ward County Tax Equalization office manages assessments, focusing on annual market value adjustments to ensure equitable taxation.
Parcels are subject to school district levies and municipal taxes, with no significant MUD/PID presence common in other states.
Property insurance premiums are influenced by regional weather risks, including hail and wind damage. Market health is stable, though carriers are increasingly sensitive to climate-related loss history.
Data retrieved from data.census.gov ZCTA 58702 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Get Air Trampoline Park4.47.8 mi
- North Dakota State Fair Center4.48.9 mi
- Ebeneezer's Eatery & Irish Pub4.68.1 mi
- Maysa Arena4.66.1 mi
- Roosevelt Park Zoo4.68.3 mi
- Oak Park4.77.6 mi
- Scandinavian Heritage Park4.87.3 mi
- AMC Dakota Square 93.55.8 mi
- Magic City Discovery Center4.78.9 mi
- Magic City Discovery Center4.78.9 mi
- Scandinavian Heritage Association4.77.3 mi
- Dakota Territory Air Museum4.810.2 mi
- Oak Park4.77.6 mi
- Scandinavian Heritage Park4.87.3 mi
- Scandinavian Heritage Association4.77.3 mi
- Bison Plant Trail4.79.1 mi
- Woodland Trail4.66.4 mi
- Souris Valley Golf Course46.4 mi
- Beowulf Golf Club4.67.1 mi
- Dakota Square Mall45.9 mi
- T.J. Maxx4.36 mi
- Runnings4.36.5 mi
- Minot Automotive Company4.85.9 mi
- Kohl's4.35.7 mi
- Minot International Airport4.19.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional zoo located within the city limits.
Large municipal park offering river access and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.