Mortgage for North Dakota (2026)
North Dakota (ND) Key Facts
Median Home Price
$250,000
Average Property Tax Rate
0.98%
Average Home Insurance Rate
0.7%
Estimated Monthly Payment
$1,809
First Time Buyer Programs
2
How This Calculator Works in North Dakota
This mortgage calculator lets you estimate your monthly payment on a North Dakota home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with North Dakota's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
North Dakota Overview
North Dakota has a median home price of approximately $250K, with an average property tax rate of 0.98% and homeowners insurance averaging 0.7% annually. Affordable market. NDHFA HomeAccess and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates.
How North Dakota Compares
Compared to neighboring states, North Dakota's median home price of $250,000 is below the national median of about $420,000. Nearby South Dakota has a median price of $290,000 with a 1.28% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| South Dakota | $290,000 | Median home price is $290,000 with a 1.28% property tax rate. Estimated monthly mortgage payment is about $2,171. |
| Montana | $450,000 | Median home price is $450,000 with a 0.84% property tax rate. Estimated monthly mortgage payment is about $3,167. |
| Minnesota | $330,000 | Median home price is $330,000 with a 1.12% property tax rate. Estimated monthly mortgage payment is about $2,399. |
The median home price in North Dakota is $250,000, compared to the national median of approximately $420,000. With a 0.98% average property tax rate and 0.7% insurance rate, North Dakota homeowners can expect an estimated monthly payment of about $1,809 on a median-priced home with 10% down at 6.75% interest.
Tips for North Dakota Residents
- 1North Dakota has a median home price around $250K. Affordable market. Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in North Dakota average 0.98%. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore NDHFA HomeAccess & Start programs for potential down payment assistance and favorable rates. North Dakota also offers NDHFA Start Program DPA. Check income limits and eligibility early in your home search.
- 4Low home prices; factor in heating costs for overall affordability. Budget 2-5% of the purchase price for closing costs including lender fees, title insurance, and prepaid expenses.
- 5Very low property taxes in some areas. A 0.25% rate difference on a $250K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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