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Bismarck

Learn about the people, housing, costs and businesses in Bismarck, Illinois

Median Home$164,200
Median Rent$883/month
Population586
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade8% construction
Home Value Growth+9.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners91% of occupied units
NotableTransit87/100 · excellent transit access
Bismarck
IL

Frequently Asked Questions

What are today's mortgage rates in Bismarck?

As of today, the 30-year fixed mortgage rate for Bismarck is approximately 7.301% (7.317% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bismarck?

The median home value in Bismarck is $164k. The median monthly rent is $883. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bismarck?

Home values in Bismarck have increased 9.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bismarck?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bismarck is $79k/year.

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What industries drive the economy in Bismarck?

The largest employment sectors in Bismarck are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.