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Minot city, ND

ZIP 58703 — 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 58703

Median Home Value
$254,800
Median Rent
$928
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,637/mo PITI).

13%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

22.9 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 58703 in Minot city, ND, a household would need roughly $70,000 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 $1,637. That sits below the local median household income ($82,926), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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
63.0%-4% vs US avg
x
Vacancy Rate
12.0%+17% vs US avg
x
Broadband Access
90.9%+4% vs US avg
x
4+ Bedrooms
10.4%-29% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
32.6%-15% vs US avg
x
$254,800
Home Value
$928
Rent
1980
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached57.6%
  • 1-unit attached6.2%
  • 2-9 units13.1%
  • 10+ units19.4%
  • Mobile home & other3.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$254,800
Median rent$928
Owner-occupied63.0%
Vacant12.0%
Price-to-income3.1x
Est. income to buy$70,000