Bismarck North Dakota Residential Rent and Rental Statistics
The median monthly gross residential rent in Bismarck, ND (the Bismarck metro area) was $862 in 2019 according to the Census ACS survey.1 Average gross rent in Bismarck was $882 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Bismarck median and average rent data will be released in September of 2021.
Data is also available below for Bismarck rental vacancy rates, Bismarck rent as a percent of median income and the fraction of renters in Bismarck.
Real Gross Rent in Bismarck North Dakota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Dakota Median Gross Rent | $804 | -2.31% | -1.11% |
| Bismarck, ND Median Gross Rent | $862 | +2.38% | +2.01% |
Bismarck, ND Real Gross Rent Trends
Median gross rent for Bismarck peaked in real terms in 2017 at $891 and is now $29 (3.25%) lower. Average gross rent for Bismarck peaked in real terms in 2018 at $905 and is now $23 (2.54%) lower.
Real Gross Rent in Bismarck: Bismarck ND Median, Bismarck ND Average, North Dakota Median, US Median
Real Gross Rent History for Bismarck
| Date | US Median |
North Dakota Median |
Bismarck, ND Median |
Bismarck, ND Average |
|---|---|---|---|---|
| 2019 | $1,097 | $804 | $862 | $882 |
| 2018 | $1,077 | $823 | $842 | $905 |
| 2017 | $1,043 | $809 | $891 | $876 |
| 2016 | $1,027 | $813 | $845 | $866 |
| 2015 | $1,017 | $822 | $844 | $889 |
| 2014 | $986 | $769 | $782 | $822 |
| 2013 | $953 | $727 | $753 | $819 |
| 2012 | $940 | $685 | $762 | $862 |
| 2011 | $941 | $676 | $706 | $719 |
| 2010 | $955 | $651 | $643 | $619 |
| 2009 | $960 | $643 | $652 | $672 |
| 2007 | $927 | $606 | $603 | $582 |
| 2005 | $910 | $599 | $595 | $601 |
Bismarck Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Bismarck North Dakota was 7.94% according to Census ACS data.
Rental Vacancy Rate in Bismarck North Dakota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Dakota | 8.04% | -2.71% | -1.63% |
| Bismarck, ND | 7.94% | +2.58% | — |
Trends in Bismarck, ND Rental Vacancy Rate
The rental vacancy rate in Bismarck peaked in 2008 at 8.31%. Since then it has fallen by 0.37% to 7.94%. Data records for this series originated in 2005. From a 2012 post peak low of 2.26%, the rental vacancy rate has increased by 5.68%.
Rental Vacancy Rate: Bismarck ND, North Dakota, US
Historical Rental Vacancy Rate data for Bismarck
| Date | US | North Dakota | Bismarck, ND |
|---|---|---|---|
| 2019 | 5.97% | 8.04% | 7.94% |
| 2018 | 6.15% | 10.75% | 5.36% |
| 2017 | 6.18% | 12.49% | — |
| 2016 | 5.89% | 9.67% | — |
| 2015 | 5.85% | 7.41% | 2.63% |
| 2014 | 6.32% | 6.42% | — |
| 2013 | 6.49% | 6.35% | 4.31% |
| 2012 | 6.77% | 5.31% | 2.26% |
| 2011 | 7.40% | 4.53% | — |
| 2010 | 8.17% | 6.39% | 4.98% |
| 2009 | 8.43% | 7.59% | 7.43% |
| 2007 | 7.87% | 7.41% | — |
| 2005 | 7.74% | 7.11% | — |
Rent as a Fraction of Income
Using median household income data for Bismarck, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bismarck, median monthly gross rent as a fraction of median household income was 14.57% in 2019 according to the ACS.
Bismarck North Dakota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Dakota | 14.94% | -0.25% | -0.41% |
| Bismarck, ND | 14.57% | +0.51% | -0.21% |
Trends in Bismarck, ND Rent as a Fraction of Income
The fraction of median Bismarck household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 15.69%. Since then it has fallen by 1.12% to 14.57%.
Fraction of Income towards Rent: Bismarck ND, North Dakota, US
Historical Data for Annual Rent as a Fraction of Income in Bismarck North Dakota
| Date | US | North Dakota | Bismarck, ND |
|---|---|---|---|
| 2019 | 20.03% | 14.94% | 14.57% |
| 2018 | 20.50% | 15.19% | 14.07% |
| 2017 | 20.13% | 15.23% | 15.69% |
| 2016 | 20.43% | 15.35% | 14.78% |
| 2015 | 20.63% | 15.36% | 14.66% |
| 2014 | 20.89% | 14.80% | 14.03% |
| 2013 | 20.78% | 14.85% | 13.28% |
| 2012 | 20.65% | 14.42% | 13.85% |
| 2011 | 20.70% | 14.53% | 13.35% |
| 2010 | 20.50% | 14.37% | 12.92% |
| 2009 | 20.12% | 14.15% | 12.31% |
| 2007 | 18.66% | 14.15% | 12.17% |
| 2005 | 18.89% | 14.01% | 13.85% |
Renter Fraction in Bismarck North Dakota
You can calculate the renter fraction in Bismarck in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Bismarck as a fraction of total Bismarck households. In 2019 29.53% of households were renters according to Census ACS data.
Bismarck Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Dakota | 38.67% | +1.13% | +1.88% |
| Bismarck, ND | 29.53% | -1.40% | -1.05% |
Trends in the Bismarck, ND Renter Fraction
The Bismarck household renter fraction peaked in in 2017 at 32.58% and is now 3.05% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bismarck ND, North Dakota, US
History of Bismarck Renter Fraction
| Date | US | North Dakota | Bismarck, ND |
|---|---|---|---|
| 2019 | 35.89% | 38.67% | 29.53% |
| 2018 | 36.05% | 37.54% | 30.93% |
| 2017 | 36.13% | 36.59% | 32.58% |
| 2016 | 36.88% | 36.79% | 30.58% |
| 2015 | 36.97% | 38.32% | 32.23% |
| 2014 | 36.90% | 36.16% | 30.79% |
| 2013 | 36.50% | 35.17% | 27.16% |
| 2012 | 36.09% | 34.97% | 27.44% |
| 2011 | 35.42% | 34.29% | 27.51% |
| 2010 | 34.65% | 33.07% | 24.31% |
| 2009 | 34.13% | 34.00% | 26.41% |
| 2007 | 32.80% | 34.28% | 31.51% |
| 2005 | 33.10% | 32.52% | 29.16% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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