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Minot

Learn about the people, housing, costs and businesses in Minot

Median Home$254,879
Median Rent$1,019/month
Population76,484
Leading IndustriesManufacturing · Agriculture & Mining · Construction4% manufacturing
Home Value Growth+9.9% over 2 years
Young Adults34% of residentsabove average nationally
Homeowners63% of occupied units
NotableVeteran Community12% of residents · top 7% nationally
Minot

Frequently Asked Questions

What are today's mortgage rates in Minot?

Mortgage rates for Minot are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Minot?

The median home value in Minot is $255k. The median monthly rent is $1,019. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minot?

Home values in Minot have increased 9.9% 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 Minot?

Based on a typical all-in ownership cost of $1,073/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minot is $81k/year.

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What industries drive the economy in Minot?

The largest employment sectors in Minot are public administration (24%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.