Investment metrics, interactive calculators, and data-driven analysis for Bismarck rental properties.
Pre-filled with Bismarck medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Bismarck.
Bismarck, ND has a population of 78,000 and has been growing at 1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $265,000 paired with median rents of $1,220/mo produces an estimated cap rate of 3.49%.
Property taxes at 0.96% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.2x, homes cost about 4.2 times the local median income of $62,400. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Bismarck is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.