The Most Affordable Neighborhoods in Minot, ND by Home Value

These days, finding an affordable place to live in the Minot area can be challenging. Home prices in Minot are now at a median cost of $284,616, higher than the North Dakota average of $273,535.

The average cost of rent is $1,034/mo in Minot, primarily driven by the current value of real estate in the Minot area. In Minot, 39.73% of households rent, and 40.58% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Minot is $6,972 per month. Households that rent pay about 14.83% of their income on rent here. Minot’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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