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City · 47,791 residents · Ward County, North Dakota

Minot , North Dakota

In Minot, a typical home is worth $257,100 and typical rent is $973 a month. Compared with all of Ward County, typical rent is 7% lower and typical household income is 6% lower.

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  • Typical home value

    $257,100

    4% below the county

    3% above North Dakota

    • Minot
    • Ward
    • North Dakota

  • Typical rent

    $973a month

    7% below the county

    About the same as North Dakota

    • Minot
    • Ward
    • North Dakota

  • Typical household income

    $73,219a year

    6% below the county

    4% below North Dakota

    • Minot
    • Ward
    • North Dakota

  • Households that own their home

    57%

    4 points below the county

    6 points below North Dakota

    • Minot
    • Ward
    • North Dakota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$279,936
3.1% more than 12 months ago
Typical rent
$1,269 a month
6.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Minot is in Ward County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Ward County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Minot apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Devils Lake, the typical home value is $164,900: 36% less than in Minot ($257,100).

  2. Nearby, in Devils Lake, the typical rent is $711: 27% less than in Minot ($973).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Minot

What homes there are in Minot, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Minot there is a bit of everything: no kind of home reaches half. The most common are detached houses (47%); in Ward County, 54%.

Year built

In Minot, half of the homes were built before 1983; in Ward County, before 1984.

There are fewer big homes in Minot than in Ward County: 55% have 3 bedrooms or more, against 62%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 95% of owner-occupied homes in Minot are worth less than the FHA loan limit for Ward County ($541,287).

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,049), about 55% of rented homes in Minot cost less.

With a mortgage

$1,841 a month

Ward County: $1,881 a month

Without a mortgage

$646 a month

Ward County: $642 a month

Owners with a mortgage

56%

Ward County: 57%

Owning costs about the same in Minot as in Ward County: with a mortgage, $1,841 a month; without one, $646.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Minot rose 23% since 2015–2019, about the same as in Ward County (25%).

Since 2015–2019, the typical rent in Minot did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMinotWard CountyNorth DakotaUnited States
Rental vacancy 5.0%5.8%8.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.2%0.9%
More than one person per room 3.7%3.1%2.2%3.4%
People per household 2.192.352.282.53
Drive alone 77%78%78%69%
Carpool 14%12%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike 2%2%4%3%
Work from home 5%6%8%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes10 to 19 minutes20 to 29 minutes

Much as in Ward County, the rental vacancy rate in Minot is 5.0%.

In Minot, 3.7% of households live with more than one person per room, about the same as in Ward County.

Households in Minot are smaller: 2.19 people on average; in Ward County, 2.35.

In Minot, 77% of workers drive alone to work; in Ward County, 78%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Minot?

A typical home is tight for the typical income

We start with a typical home in Minot, worth $257,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Minot, which is $73,219 a year. For that payment to be 28% of income, a household would need to earn about $93,683 a year.

The calculator's FHA and conventional loan limits are those of all of Ward County.

Your numbers

Local data
$

Starts at the typical home value in Minot. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,999 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,186

at 7.18% · 30 years

Loan amount
$252,443
Total interest
$363,206
Paid off in
November 2056

Includes $4,342 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,708 a month

  • Tight

    $1,708 to $2,197 a month

    Your payment · 36%

  • Hard

    more than $2,197 a month

Compared with the typical household income in Minot ($73,219 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,186
Principal & interest$1,710
Property tax$255
Home insurance$107
FHA mortgage insurance (MIP)$114

You need at least $8,999 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Minot and Ward County

Minot is in Ward County, North Dakota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Minot's own numbers

Typical home value
$257,100
Typical monthly rent
$973
Typical yearly household income
$73,219
Households that own their home
57%
Effective property tax rate
1.19%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Ward County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,049
Price change over 5 years (FHFA)
+27%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Ward County.

Everything about Ward County

Buying

Buying a home in Minot

A typical home in Minot is worth $257,100: 4% below the county and 3% above North Dakota. With the typical household income in Minot ($73,219 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Minot 3.5 years
  • Ward 3.4 years
  • North Dakota 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Ward County

According to FHFA’s house price index, home prices in Ward County rose 29% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Ward County.

Period County North Dakota U.S.
Last year (2025) +3.7% +5.1% +2.9%
5 years (2020–2025) +27% +34% +47%
10 years (2015–2025) +29% +45% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Minot next to Ward County, North Dakota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Minot $257,100
  • Ward $267,100
  • North Dakota $249,900
  • United States $332,700
Typical monthly rent
  • Minot $973
  • Ward $1,048
  • North Dakota $954
  • United States $1,413
Typical yearly household income
  • Minot $73,219
  • Ward $78,238
  • North Dakota $76,657
  • United States $80,734
See the full table
Minot next to Ward County and North Dakota
Measure Minot Ward County North Dakota U.S.
Typical home value $257,100 $267,100 $249,900 $332,700
Typical monthly rent $973 $1,048 $954 $1,413
Typical yearly household income $73,219 $78,238 $76,657 $80,734
Households that own their home 57% 61% 63% 65%
Typical yearly property tax $3,054 $2,859 $2,468 $3,119
Effective property tax rate 1.19% 1.07% 0.99% 0.94%
Renters with high rent for their income 38% 38% 39% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ward County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Minot

For a typical $257,100 home in Minot, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Minot's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,186a month

    Least cash to close
    Down payment
    $8,999
    Cash to close
    $16,712
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $114

  • Conventional, 5% down $2,139a month

    Down payment
    $12,855
    Cash to close
    $20,568
    Rate
    7.18%
    Mortgage insurance
    PMI · $122

  • Conventional, 20% down, no PMI $1,755a month

    Down payment
    $51,420
    Cash to close
    $59,133
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,993a month

    Down payment
    $38,565
    Cash to close
    $46,278
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Minot and for Ward County.

Property tax

Effective rate in Minot

1.19%of the home’s value each year

$3,054 a year for the typical owner in Minot.

  • Minot 1.19%
  • Ward 1.07%
  • North Dakota 0.99%

What North Dakota publishes Primary Residence Credit (North Dakota Office of State Tax Commissioner)

Exemptions and deadlines in North Dakota

Flood risk in Ward County

FEMA does not publish these numbers by city: they are for all of Ward County.

FEMA’s maps count no homes in the high-risk zone in Ward County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Minot

Typical rent in Minot is $973 a month: 7% below the county. In Minot, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Ward County, by unit size. To pay the 2-bedroom one ($1,049 a month) without spending more than 30% of your income, you would need to earn $20.17 an hour working full time.

HUD fair market rent for all of Ward County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $726 $13.96 $29,040
1 bedroom $864 $16.62 $34,560
2 bedrooms $1,049 $20.17 $41,960
3 bedrooms $1,458 $28.04 $58,320
4 bedrooms $1,759 $33.83 $70,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Minot

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Minot has 3 ZIP codes with their own.

For 2 bedrooms it is $1,050 in all of them.

3 of the 3 are above the fair market rent for Ward County ($1,049).

  • 58701 $1,050$1,460
  • 58703 $1,050$1,460
  • 58707 $1,050$1,460

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Minot when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Minot

HUD lists 14 buildings with rents for lower incomes in Minot. These are the largest.

  • Milton R Young Towers 310 2nd St SE, Minot 58701 261 homes, 248 low-income · Run by Minot Housing Authority · Average payment: $338 a month · Average wait: 21 months (701) 852-0485
  • Meadowlark Heights 400 18th Ave SE, Minot 58701 96 low-income homes · For families (701) 837-0442
  • Henry Towers 1000 2nd St SE, Minot 58701 83 homes, 80 low-income · For older adults (701) 839-9295
  • Guardian Manor 3205 4th St SW, Minot 58701 48 low-income homes · 1 bd: 48 · In service since 1997
  • Kalix 330 14th Ave SE, Minot 58701 48 low-income homes · For people with disabilities (701) 852-1014

See all 14 buildings in Ward County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Minot

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Ward County; none says it serves in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Minot

No down payment, repair or rent-help program on our list is for Minot or Ward County. The ones below are statewide in North Dakota: they work in Minot the same as in the rest of the state.

Which programs do I qualify for? All programs in North Dakota

  • FirstHome Start

    Statewide in North Dakota

    With the North Dakota state agency's FirstHome mortgage, the buyer gets 3% of the loan as a credit toward the cash due at closing (down payment, closing costs and prepaid expenses); it cannot be combined with other assistance. Offered by North Dakota Housing Finance Agency (NDHFA).

    Grant

    See the program Official page

  • DCA

    Statewide in North Dakota

    North Dakota state agency help for low-income buyers with an agency mortgage: 3% of the loan as a credit toward the cash you need at closing (down payment, closing costs and prepaid expenses); it cannot be combined with other assistance. Offered by North Dakota Housing Finance Agency (NDHFA).

    Grant

    See the program Official page

Housing counselors near Minot

The HUD-approved agencies closest to the center of Minot, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Action Partnership - Minot Region

    2020 8th Ave SE, Minot · 1 miles away

    • Budget and financial counseling
    • Homelessness services
    • and 1 more
    (701) 839-7221

  • North Dakota Housing Finance Agency

    2624 Vermont Avenue, Bismarck · 102 miles away

    (701) 328-8060

  • Southeastern North Dakota Community Action Ag

    3233 University Dr S, Fargo · 230 miles away

    • Budget and financial counseling
    • Homelessness services
    • and 1 more
    (701) 232-2452

Every agency in Ward County All counseling agencies in North Dakota

Help in Spanish near Minot

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Minot

HUD’s record names them for Minot or Ward County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Minot Housing Authority Public housing and Section 8 vouchers (701) 852-0485

All housing agencies in North Dakota Source: HUD

Cities

Nearby cities

The cities closest to Minot, with the typical home value.

Everything about Ward County Housing in North Dakota

Neighboring counties

If Ward County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Minot.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Minot

Short answers with the numbers for Minot and all of Ward County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Minot?

The typical home value in Minot is $257,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ward County it is $267,100.

How much does it cost to rent in Minot?

Typical rent in Minot is $973 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ward County is $1,049.

What is the FHA loan limit in Minot?

Minot uses the FHA limit for all of Ward County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Minot?

The typical homeowner in Minot pays $3,054 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Ward County, the rate is 1.07%.

Where can I find free help to buy or rent in Minot?

There is 1 HUD-approved counseling agency with an office in Ward County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).