Quick answer
Minot's typical home value is about $280,000, up 3.4% over the past year (Zillow, August 2026). A Minot owner with $150,000 owed could access roughly $88,000 at 85% combined loan-to-value. North Dakota's constitution bans mortgage and transfer taxes, and recording typically costs about $20. Best-borrower HELOC APRs in North Dakota are among the lowest in the country, at about 7.15% after the September prime increase.
Minot-area home values in 2026
| Area | Typical value | 1-yr change | As of |
|---|---|---|---|
| Minot | $280,355 | +3.4% | Aug 2026 |
| Ward County | $283,144 | +3.5% | Aug 2026 |
| Bismarck | $377,821 | +5.5% | Aug 2026 |
Source: Zillow Home Value Index. See sources at the end of this page.
Minot's housing market is anchored by Minot Air Force Base and the regional medical and energy sectors. Values have risen steadily, which has added equity for long-time owners. Military households that expect to relocate should think about how long they will keep the home before opening a line, since a HELOC is paid off when the home is sold.
How much can you borrow?
| Example | At 80% CLTV | At 85% CLTV | At 90% CLTV* |
|---|---|---|---|
| $280,000 Minot home, $150,000 owed | $74,000 | $88,000 | $102,000 |
| $280,000 Minot home, $190,000 owed | $34,000 | $48,000 | $62,000 |
| $378,000 Bismarck home, $200,000 owed | $102,400 | $121,300 | $140,200 |
*90% is available on our program in certain cases. Examples only: home value times the CLTV limit, minus what you owe. Your line depends on the valuation, credit and the full file. Try your own numbers in the HELOC calculator.
North Dakota rules that affect your HELOC
- No mortgage tax. Measure 2 (2014) amended the state constitution so that no state or local government can tax a mortgage or a real-estate transfer.
- Low recording costs. The state fee schedule is $20 for a 1–6 page document and $65 for 7–25 pages.
- Both spouses sign on a homestead. A mortgage on a North Dakota homestead must be signed by both spouses.
For homestead protections and the rest of the state rules, see the North Dakota HELOC guide. Also serving the eastern side of the state: HELOC in Fargo & West Fargo.
HELOC rates in Minot
HELOC rates are not set city by city. Your rate is the national prime rate (7.00% since September 16, 2026) plus a margin based on your credit, loan-to-value and line size. In our Q3 state rate study, best-borrower HELOC APRs in North Dakota work out to about 7.15% after the September prime increase; most borrowers see roughly 7% to 9.5%. These are averages and examples, not offers. More in the North Dakota HELOC guide.
What to compare in any Minot HELOC quote
- Line size and CLTV cap. Many banks and credit unions stop at 80% combined loan-to-value. A higher cap can mean a much bigger line on the same home.
- How the rate is built. Ask for the margin over prime, any intro rate and when it ends, and the rate cap.
- All fees. Origination, valuation, title, recording, annual and early-closure fees.
- Draw and repayment terms. How long you can draw, whether payments are interest-only, and what the payment becomes afterward.
- How income is counted. Especially if you are self-employed, retired or paid seasonally.
Where our program fits: debt-to-income up to 50%, up to 90% combined loan-to-value in certain cases, credit scores down to 600 with compensating factors, and self-employed income on bank statements. We offer HELOCs and fixed-rate home equity loans. Full details in HELOC requirements.
Sources
- Zillow Home Value Index, Minot, Ward County and Bismarck, data through August 31, 2026.
- North Dakota Measure 2 (2014), constitutional ban on mortgage and real-estate transfer taxes.
- North Dakota Century Code 11-18-05, county recorder fee schedule.
- HELOCpedia Q3 2026 State HELOC Rate Study.
FAQ
How much can I borrow with a HELOC in Minot?
It depends on your home value, what you owe and the lender's combined loan-to-value limit. As an example, a $280,000 Minot home with $150,000 owed supports about $74,000 at 80% CLTV, $88,000 at 85% and $102,000 at 90%. Your actual line depends on the valuation, credit and the full file.
Is there a mortgage tax on a HELOC in North Dakota?
No. A 2014 constitutional amendment (Measure 2) bars the state and local governments from imposing mortgage taxes or transfer taxes on real property. Recording fees are modest: $20 for a document of one to six pages.
What are HELOC rates in Minot?
Rates are set off the national prime rate plus a margin based on your credit, loan-to-value and line size, not by city. Best-borrower HELOC APRs in North Dakota are about 7.15% after the September 2026 prime increase, and most borrowers see roughly 7% to 9.5%. These are averages, not offers.
Can I get a HELOC if I am stationed at Minot AFB?
Yes, if the home is your primary residence and you qualify on income, credit and equity. Military pay and allowances can count as income. If you expect to move, remember that a HELOC must be paid off when the home is sold.
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Keep reading
North Dakota HELOC Guide
Rates, qualifying and state rules.
50-State HELOC Rate Study
How rates compare across the country.
HELOC Requirements
Credit, equity, income and property rules.
Does a HELOC Require an Appraisal?
How lenders value your home.
HELOC vs. Home Equity Loan
Line of credit or lump sum: how to choose.
HELOC Calculator
Estimate your line and payment in a minute.