Metro area index
Home appreciation in the Bismarck, ND metro area
FHFA HPI® data shows the Bismarck, ND metro area's all-transactions index changed +6.2% over the year to Q2 2026, versus +4.7% for North Dakota and +3.0% for the U.S. That ranks 58th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.2%
- 5-year change
- +33.8%
- Since Q1 1995
- +314%
- Metro rank (1 year)
- 58th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Bismarck, ND vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Bismarck, ND: 413.8
- North Dakota: 392.9
- United States: 391.6
Appreciation by time window
| Window | Metro | ND | U.S. | Gap vs ND | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.2% | +4.7% | +3.0% | +1.5 pts | +3.1 pts |
| 3 years | +12.7% | +14.8% | +12.9% | −2.2 pts | −0.2 pts |
| 5 years | +33.8% | +35.5% | +41.3% | −1.7 pts | −7.5 pts |
| 10 years | +49.0% | +53.0% | +93.3% | −4.1 pts | −44.4 pts |
| Since Q1 1995 | +314% | +293% | +292% | +20.9 pts | +22.3 pts |
3-digit ZIP regions in the Bismarck, ND area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 585 · Bismarck, ND area | ND | +6.4% | +35.2% | +319% | 80% |
Boom, bust, and recovery in Bismarck, ND area
Bismarck, ND area's index did not fall meaningfully after its Q4 2008 high. Today it sits +119% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2008 | — | No meaningful drop | — | +119% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Bismarck, ND area's index has changed +86.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | ND after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.2% | +0.8% | -0.8% |
| 3 years | +9.8% | +2.6% | +4.6% | +2.8% |
| 5 years | +24.0% | +7.9% | +9.3% | +13.9% |
| 10 years | +39.1% | +7.1% | +10.0% | +39.0% |
| Since Q1 1995 | +121% | +86.9% | +77.5% | +76.8% |
If you bought in the Bismarck, ND area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +307% | $1,220,497 |
| Q2 2000 | +250% | $1,050,419 |
| Q2 2005 | +164% | $792,727 |
| Q2 2010 | +117% | $652,386 |
| Q2 2015 | +51.1% | $453,214 |
| Q2 2020 | +42.7% | $428,130 |
| Q2 2021 | +33.8% | $401,387 |
| Q2 2023 | +12.7% | $338,060 |
| Q2 2025 | +6.2% | $318,453 |
Frequently asked questions
- How much have home prices risen in the Bismarck, ND area?
- FHFA HPI® data for the Bismarck, ND metro area shows changes of +6.2% over one year, +33.8% over five years, and +49.0% over ten years to Q2 2026, and +314% since Q1 1995.
- Is the Bismarck, ND area beating the national average?
- Over the past year the metro's index moved +3.1 pts versus the U.S.; over five years the gap is −7.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.