Real estate is a booming business in Bismarck. The huge demand for accommodations for both residential and commercial has caused real estate to flourish like never before. A statistics of household size and housing size is given below.
Household Size: The number of persons residing in a household comprises the household size.
Total accommodation 23,143
1-Person Households 31%
2-Person Households 35%
3-Person Households 14%
4-Person Households 13%
5-Person Households 5%
6-Person Households 1%
7+-Person Households 0%
Based on this statistics realtors are focusing more on constructing houses which can accommodate 2 to 3 persons.
Housing Size: The number of rooms in an apartment constitutes the housing size. In Bismarck the housing size is as follows.
No Bedrooms 0%
1 Bedroom 2%
2 Bedrooms 22%
3 Bedrooms 40%
4 Bedrooms 29%
5+ Bedrooms 7%
So realtors in Bismarck nowadays mostly build houses with 2 to 4 bedrooms.
Real Estate Bismarck builds the following types of residences in Bismarck
Single Family residences
Condo
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Duplex
Farm houses
Town house.
Triplex
In 2006, the average price of a single family home, condo, townhouse or duplex in the Bismarck area was $164,601, which is $17,969 more than 2005.
Real estate in Bismarck also revolves around constructing commercial buildings. The main types of commercial building built in Bismarck are business, industrial, commercial, multi family etc. Commercial building construction saw a huge increase, from 39 permits in 2005 to 66 permits in 2006. The Total valuations increased from $4.3 million in 2005 to about $18.3 million in 2006.Total permit activity for Bismarck for the year was more than $179 million, compared to approximately $154 million in 2005. That's 1,260 permits in 2006, compared to 1,071 in 2005. Those valuations have more than tripled since 2000, when permit activity was a little more than $54 million.
Other features of owning a house in Bismarck
Owner Costs as % of Income-17.5%
Median Real Estate Taxes (2000)-$1,935
Some agents of real estate in Bismarck and their address is given below
Gayle Jangula
601 E Bismarck Expressway
Bismarck, ND, 58504
Office Phone: (701) 224-1100
Cell Phone: (701) 226-9440
Jamie Schmidt
Trademark realty Inc.
Office Phone: (701) 223-3030
Cell Phone: (701) 319-6000
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