Buy vs Rent in Bismarck, ND (2026)
Median home price $260K · 1BR rent $1,150/mo · Price-to-rent ratio 18.8x.
Median home price
$260K
1BR rent
$1,150/mo
Price-to-rent ratio
18.8x
Verdict
Neutral
Monthly cost of buying — 3 scenarios
30-year mortgage at 7% · Includes property tax, insurance, and maintenance estimates
| 3.5% down (FHA) | 10% down | 20% down (conventional) | |
|---|---|---|---|
| Down payment | $9,100 | $26,000 | $52,000 |
| Mortgage (P&I) | $1,669/mo | $1,557/mo | $1,384/mo |
| Property tax (est.) | $238/mo | $238/mo | $238/mo |
| Insurance (est.) | $108/mo | $108/mo | $108/mo |
| Maintenance (est.) | $217/mo | $217/mo | $217/mo |
| Total monthly cost | $2,232vs rent: +$1,082/mo | $2,120vs rent: +$970/mo | $1,947vs rent: +$797/mo |
| Income to qualify | $71,529/yr | $66,729/yr | $59,314/yr |
| Break-even (approx.) | ~1 yrs | ~2 yrs | ~5 yrs |
Bismarck housing context
$60K
Median HH income
per year
$59,314
Income needed (20% down)
per year
Qualified
Affordability gap
vs median income
Frequently asked questions
Is it better to buy or rent in Bismarck?
Bismarck's price-to-rent ratio of 18.8x is in the neutral zone (15-20x). Whether to buy or rent depends on how long you plan to stay, your down payment, and your personal finances.
How much do I need to earn to buy a home in Bismarck?
With a median home price of $260K in Bismarck, you'd need an annual income of roughly $59,314 to qualify with 20% down (at 7% rate, 28% housing ratio). With 10% down, you'd need about $66,729/year.
Bismarck full cost of living breakdownCheaper cities near BismarckHow much to retire in BismarckCompare mortgage rates
Mortgage at 7% 30-yr fixed · Property tax 1.1% est. · Maintenance 1% est. · Zillow, BLS · Q1 2026 · For general guidance only