Estimated Monthly Payment — Median North Dakota Home
$1,724
Based on $250,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$250,000
Property Tax
0.98%
Avg. HOA
$125/mo
Median Rent
$950/mo
Free · No signup · Adjust every variable
Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the North Dakota housing market
North Dakota's housing market is well below the national average, with a median home price around $250,000. Fargo is the largest metro, with Bismarck a close second. North Dakota offers affordable home prices and stable employment from energy and agriculture, with Fargo emerging as a tech and finance hub. North Dakota's effective property tax rate of 0.98% is near the national average.
The median North Dakota home costs $250,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,291, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $1,724. First-time buyers in North Dakota can explore programs through North HFA.
Photo by Rich Martello on Unsplash
Buying in North Dakota?
Explore North HFA programs, check your affordability, and make confident decisions.
Learn about North HFA programs →
FAQ
North Dakota mortgage FAQs
What's the property tax rate in North Dakota?
North Dakota's effective property tax rate averages about 0.98% — near the national average. On a $250,000 home, that's roughly $204/month or $2,450/year.
How much do I need to earn to afford a typical North Dakota home?
Using the 28/36 rule, a buyer would need roughly $65,000–$83,000 in gross annual income to comfortably afford North Dakota's $250,000 median home with 20% down at current rates.
What first-time buyer programs are available in North Dakota?
NDHFA offers the FirstHome program for first-time buyers and the HomeAccess program for low-to-moderate income buyers, both with competitive interest rates. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
Ready to run the full numbers?
Adjust every variable, explore scenarios, and plan with confidence.