Mortgage Rates in Bismarck, North Dakota — March 2026
Updated March 2026 | Based on Bismarck market data and regional lending conditions
Bismarck is a growing city in North Dakota with a population of 74,818. The current 30-year fixed mortgage rate in Bismarck is 6.72%, which is 0.07% above the national average. With a median home price of $295,000 and a 20% down payment of $59,000, homebuyers can expect a monthly principal and interest payment of approximately $1,526.
Current Mortgage Rates in Bismarck, ND
Below are the current average mortgage rates available in the Bismarck area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Bismarck Housing Market Overview
The Bismarck housing market offers relatively affordable housing compared to many major cities. The median household income in Bismarck is $58,250, and the cost of living index is 93.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $75,729 to comfortably afford the median-priced home in Bismarck, which exceeds the current median household income.
Monthly Payment Breakdown for Bismarck
Based on the median home price of $295,000 with 20% down ($59,000), here is what you can expect to pay monthly in Bismarck:
15-Year vs. 30-Year Mortgage in Bismarck
Choosing a 15-year mortgage in Bismarck at 5.96% instead of a 30-year at 6.72% would save you $191,880 in total interest over the life of the loan. However, your monthly payment would be $1,986 instead of $1,526 — an increase of $460 per month.
Calculate Your Bismarck Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Bismarck
What are the current mortgage rates in Bismarck, ND?
As of March 2026, the average 30-year fixed mortgage rate in Bismarck, North Dakota is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Bismarck?
Based on the median home price of $295,000 with 20% down, the estimated monthly mortgage payment in Bismarck is $1,526 for principal and interest. Including property taxes of $241/month, the total monthly housing cost is approximately $1,767.
What income do I need to buy a home in Bismarck?
Using the 28% rule, you would need an annual income of approximately $75,729 to afford the median-priced home in Bismarck at $295,000. The median household income in Bismarck is $58,250. This means most households would need to either earn above the median or consider homes below $295,000.
Is Bismarck a good place to buy a home in 2026?
Bismarck offers a below-average cost of living with a cost of living index of 93.5 (national average = 100). The property tax rate in North Dakota is 0.98%, which is near the national average. Bismarck has a population of 74,818 and offers a very affordable lifestyle.
Mortgage Rates in Other North Dakota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bismarck, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.