North Dakota is the nineteenth largest state by area, with a population of 762,062 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape North Dakota. North Dakota started as a major center for Native American tribes, like the Chippewa, Mandan, and Sioux, who established settlements for centuries before the arrival of European explorers. France later acquired the land and sold it to the United States as part of the Louisiana Purchase in 1803. Subsequently, North Dakota became the thirty-ninth U. S. state in 1889. North Dakota's earlier economy was based on agriculture and farming until oil was discovered in 1951. The oil discovery not only made North Dakota one of the fastest-growing states in 2012 but the second-largest producer of oil in the United States.
Today, North Dakota's economy has a GDP of $55 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: agriculture, oil, tourism, coal gasification, and renewable energy. Many of the leading companies have their headquarters in North Dakota, including Scheels, TMI Hospitality, and Altru Health Systems, to name a few.
The most recognized cities in North Dakota are Fargo, Bismarck, and Grand Forks.
Fargo is located near the border of North Dakota and Minnesota and has a population of 118,099. Fargo is home to the Red River Zoo, Bonanzaville USA, and Fargo Air Museum. Over the last ten years, Fargo's housing market has appreciated by 44.02%. When compared to the rest of the nation, Fargo's housing prices are slightly more, with the median home price of $190,200 and a median rent of $765.
Bismarck is the capital of North Dakota and has a population of 70,536. Bismarck is home to the Fort Abraham Lincoln State Park, Dakota Zoo, and the North Dakota Heritage Center & State Museum. Over the last ten years, Bismarck's housing market has appreciated by 48.69%. When compared to the rest of the country, Bismarck's housing prices are substantially higher, with the median home price of $223,200 and a median rent of $821.
Grand Forks resides in the eastern part of North Dakota, about 89 miles north of Fargo, and has a population of 56,236. Grand Forks is home to the North Dakota Museum of Art and Lincoln Drive Park. Over the last ten years, Grand Forks' housing market has appreciated by 37.49%. When compared to the rest of the nation, Grand Forks' housing prices are slightly higher, with the median home price of $186,500 and a median rent of $785.