Housing Report for Bismarck

In Bismarck, the census reported 43,231 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding in all 3,051 housing units since the year 2001, or 7.6 percent.

According to the data, there is a large amount affordable residential real estate in Bismarck, North Dakota. In 2005, 60 percent of the homes were valued under $125,000.

The residential real estate values in Bismarck, North Dakota have experienced moderate increases from the real estate values reported in 2000. The valuations have increased by $13,500, or 14.5 percent, since 2000 when their medians were valued at $93,200.

Bismarck had an owner-occupied dwelling median in 2005 of $106,700, according to the American Community Survey. This is greater than the overall North Dakota 2005 home value of $88,600 and less than median owner-occupied dwelling value of $167,500 for the United States in the same year.

In the State of North Dakota, Bismarck stands 2 of the 3 metro areas by percentage growth in residential real estate. The metro area is positioned 112 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Bismarck can be understood as having a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey reports that 0.3 percent of owner-occupied dwellings were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Bismarck, North Dakota -- Annual 2005 Industry Summary

Finance and insurance has seen the highest growth in employment from the years 2001-2005 in Bismarck, changing a total of 22.1 percent. This is greater than the change of total jobs in the industry for the United States of 4.8 percent. The State of North Dakota encountered a change in industry employment of 14.1 percent, during the time since 2001.

Manufacturing has the largest businesses in Bismarck Metro Area. The industry averages 26 employees per business. This is less than the US industry average of 39 and less than the State of North Dakota typical size of 31 for the Manufacturing industry.

In Bismarck, Retail Trade, Accommodation and food services, and the Construction industries have the largest percent of jobs of all industries. The Retail Trade is the largest employment industry and makes up 16.7 percent of all jobs throughout the region, totaling 7,339 employees. The Accommodation and food services and Construction sectors account for 10.7 and 7.2 percent of all employment.

In Bismarck, Other services, except public administration, Information and Retail Trade are the three industries with the highest location quotients. The Other services, except public administration sector in the county has a location quotient of 1.37. This means the percent of total employment in the Other services, except public administration industry is 1.37 times greater than the national average, signifying that Bismarck may specialize, or be an exporter of Other services, except public administration.

A high-wage industry in Bismarck is the utilities sector with an annual pay of $90,589. Locally, since the year 2001, the industry annual average wages have grown by 28.9 percent or $20,315. The State of North Dakota has the same pattern in the utilities sector, standing at the top of sectors according to average 2004 industry pay.







Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).