Market Overview
Home Prices in Minot, ND
The median home value in Minot, ND is $282,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Minot are priced31% below average. Minot is part of the Minot, ND metro area.
Over the past five years, Minot home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Minot Home Price Trend
2020
$207,543
$208K
—
2021
$218,257
$218K
+5.2%
2022
$230,847
$231K
+5.8%
2023
$255,327
$255K
+10.6%
2024
$262,098
$262K
+2.7%
2025
$272,269
$272K
+3.9%
2026
$282,148
$282K
+3.6%
City Comparison
Minot vs. National Median
🏠 Minot
$282,148
National Median
$410,000
At $282,148, homes in Minot cost 31% below the national median of $410,000. This makes Minot a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Minot?
20% Down Payment
$56,430
on $282,148
Monthly P&I
$1,472/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,869/mo
incl. taxes & insurance
Income Needed
$74,760
gross annual (30% rule)
10% Down Option
$28,215
+ PMI applies
Loan Amount (20% dn)
$225,718
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Minot, ND?
The median home value in Minot is $282,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Minot?
Over the past year, home values in Minot have increased by 3.6%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Minot?
To comfortably afford the median home price of $282,148 with a 20% down payment ($56,430) at today's rates (6.8%), you'd need a gross annual income of approximately $74,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Minot compare to the national average home price?
The national median home value is approximately $410,000. At $282,148, homes in Minot are 31% below the national average.
What metro area is Minot part of?
Minot is part of the Minot, ND metropolitan area. Home prices and market conditions can vary across the broader metro region.