CALCMONEY // HOME AFFORDABILITY // ND // BISMARCK
How much house can you afford in Bismarck? Based on local median home prices, current ND mortgage rates, and Bismarck property tax data.
$285,000
$1,865/mo
$79,950/yr
$232,348
Monthly housing costs of $1,865 represent 32.9% of Bismarck's median gross monthly income ($5,667/mo). At 32.9%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $285,000 |
| Down Payment (20%) | $57,000 |
| Loan Amount | $228,000 |
| Monthly PI Payment | $1,509 |
| Monthly Property Tax | $238 |
| Monthly Insurance Est. | $119 |
| Total Monthly PITI | $1,865 |
| Housing Cost % of Income | 32.9% |
| Required Income (28% rule) | $79,950/yr |
| Max Affordable Home | $232,348 |
$9,975
$2,372/mo
Bismarck Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $285,000 | Bismarck city median |
| Down Payment (20%) | $57,000 | Conventional loan |
| Monthly PITI | $1,865 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $79,950 | Annual gross |
| Max Affordable Home | $232,348 | Based on median income |
| FHA Down (3.5%) | $9,975 | Minimum FHA |
| Housing Cost % of Income | 32.9% | Median income: $68,000/yr |
| Property Tax Rate | 1% | $2,850/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Bismarck is $285,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $228,000, generating a monthly P&I payment of $1,509. Adding property taxes ($238/mo) and homeowners insurance ($119/mo) brings total monthly PITI to $1,865.
Bismarck's property tax rate of 1% is near the national average, adding a standard increment to monthly housing costs. On the Bismarck median home, that is $238/month, or $2,850 per year.
North Dakota levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Bismarck should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Bismarck's median income of $68,000/year can afford up to $1,587/month in total housing costs. Based on Bismarck's mortgage rate of 6.95% and property tax rate of 1%, that translates to a maximum affordable home price of approximately $232,348 with 20% down on a 30-year loan.
To afford the median Bismarck home priced at $285,000, you need an annual gross income of approximately $79,950. Total monthly housing costs (principal and interest of $1,509, property taxes of $238, and insurance of $119) come to $1,865/month, which equals 28% of the required income.
At the median home price of $285,000 and median household income of $68,000, the total monthly housing cost of $1,865 represents 32.9% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Bismarck home of $285,000 is $57,000. An FHA loan requires just 3.5% down — $9,975 — but adds mortgage insurance of roughly $195/month, bringing total FHA payments to $2,372/month.