Department of Numbers

Bismarck North Dakota Residential Rent and Rental Statistics

The median monthly gross residential rent in Bismarck, ND (the Bismarck metro area) was $807 in 2016 according to the Census ACS survey.1 Average gross rent in Bismarck was $827 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Bismarck median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Bismarck North Dakota (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
North Dakota Median Gross Rent $776 -1.15% +11.82%
Bismarck, ND Median Gross Rent $807 +0.12% +12.24%

Bismarck, ND Real Gross Rent Trends

At $807, real median gross rent in Bismarck was at its highest level in 2016 since the series began in 2005. Average gross rent for Bismarck peaked in real terms in 2015 at $849 and is now $22 (2.59%) lower.

Real Gross Rent in Bismarck: Bismarck ND Median, Bismarck ND Average, North Dakota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bismarck

Date US
Median
North Dakota
Median
Bismarck, ND
Median
Bismarck, ND
Average
2016 $981 $776 $807 $827
2015 $972 $785 $806 $849
2014 $942 $734 $747 $785
2013 $910 $694 $719 $782
2012 $898 $654 $727 $823
2011 $898 $646 $675 $687
2010 $912 $622 $614 $591
2009 $916 $614 $623 $642
2008 $932 $604 $588 $584
2007 $885 $579 $576 $555
2006 $895 $583 $582 $604
2005 $869 $572 $568 $574

Bismarck Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Bismarck North Dakota was 2.63% according to Census ACS data.

Rental Vacancy Rate in Bismarck North Dakota

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
North Dakota 9.67% +2.26% +3.32%
Bismarck, ND

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 5.68% to 2.63%. Data records for this series originated in 2005. From a 2012 post peak low of 2.26%, the rental vacancy rate has increased by 0.37%.

Rental Vacancy Rate: Bismarck ND, North Dakota, US

Rental vacancy rate in North Dakota

Historical Rental Vacancy Rate data for Bismarck

Date US North Dakota Bismarck, ND
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%
2008 7.86% 6.26% 8.31%
2007 7.87% 7.41%
2006 7.70% 5.81%
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 14.78% in 2016 according to the ACS.

Bismarck North Dakota Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
North Dakota 15.35% -0.01% +0.50%
Bismarck, ND 14.78% +0.12% +1.50%

Trends in Bismarck, ND Rent as a Fraction of Income

Bismarck renters paid 14.78% of median household income towards the median monthly gross rent in 2016. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Bismarck ND, North Dakota, US

Percent of median household income going towards median monthly gross rent in Bismarck North Dakota

Historical Data for Annual Rent as a Fraction of Income in Bismarck North Dakota

Date US North Dakota Bismarck, ND
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%
2008 19.00% 14.03% 11.64%
2007 18.66% 14.15% 12.17%
2006 18.90% 14.23% 12.54%
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 2016 30.58% of households were renters according to Census ACS data.

Bismarck Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
North Dakota 36.79% -1.53% +1.62%
Bismarck, ND 30.58% -1.65% +3.42%

Trends in the Bismarck, ND Renter Fraction

The Bismarck household renter fraction peaked in in 2015 at 32.23% and is now 1.65% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bismarck ND, North Dakota, US

Fraction of renters in Bismarck

History of Bismarck Renter Fraction

Date US North Dakota Bismarck, ND
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%
2008 33.36% 33.40% 26.92%
2007 32.80% 34.28% 31.51%
2006 32.73% 33.30% 29.38%
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.