The story of this market
The typical home in ZIP 58703 sells for about $283,000, or $135 per square foot.
Prices are up +3.6% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,080 a month.
ZIP 58703 — Minot
The Minot housing market in 58703 shows steady growth with a median home value of $283,000, reflecting a 3.6% year-over-year increase. Demand remains consistent, supported by a stable local economy anchored by the military and healthcare sectors. Inventory levels are currently balanced, providing a stable environment for both buyers and sellers.
This ZIP is well-suited for families and professionals working in the regional energy or military sectors who value suburban living with proximity to city amenities.
Median prices moved up 3.6% year over year.
Homes spend a median of 44 days on market with 2.0 months of supply — a fast-moving market.
0% 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 4.2% · poverty 6.4% — 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 3.1%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58703, Ward County ND
Crime trends in Minot are generally stable, with the city maintaining a profile consistent with regional North Dakota urban centers.
The area is served by Minot Public Schools, which provides a standard range of educational services and facilities for the community.
The region faces typical northern plains climate risks, including winter storm exposure and occasional flood risks near the Souris River basin.
Economic momentum is driven by the energy sector, regional healthcare, and Minot Air Force Base, which serves as a major anchor for the local economy.
Property taxes are assessed at the county level by Ward County based on true and full value, with specific mill rates determined by local school and municipal districts.
Residents primarily rely on personal vehicles for commuting, with major corridors providing efficient access to the Minot employment core.
The area features access to local parks, community sports complexes, and proximity to the Souris River greenway for outdoor activities.
The rental market shows moderate demand with a median rent of approximately $1,300, reflecting a stable supply of multi-family and single-family rental units.
The economy is anchored by Minot Air Force Base, Trinity Health, and the regional energy industry, providing a stable employment base.
The city is served by a network of highways including US-2 and US-83, facilitating regional transit and logistics.
Development is focused on residential expansion in the northern and western sectors of the city.
The Ward County Assessor manages property valuations using a mass appraisal system based on market sales data.
Parcels are subject to Minot Public School District levies and various municipal utility district assessments.
Property insurance premiums are influenced by regional weather patterns, including hail and wind risk common to North Dakota.
Data retrieved from US Census Bureau ZCTA profiles.
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.
A major community park offering green space and recreational facilities.
Provides cultural and educational resources to the surrounding area.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).