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Minot city, ND

ZIP 58701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58701

Median Home Value
$270,200
Median Rent
$782
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,736/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 58701 in Minot city, ND, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,736. That is roughly in line with the local median household income ($75,329). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.5%-6% vs US avg
x
Vacancy Rate
11.8%+15% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
11.1%-25% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
20.8%-58% vs US avg
x
Mortgage-Free
43.7%+14% vs US avg
x
$270,200
Home Value
$782
Rent
1985
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.5%
  • 1-unit attached7.9%
  • 2-9 units11.2%
  • 10+ units21.3%
  • Mobile home & other12.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$270,200
Median rent$782
Owner-occupied61.5%
Vacant11.8%
Price-to-income3.6x
Est. income to buy$74,000