What are average mortgage rates in North Dakota in 2026?

Mortgage rates in North Dakota generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's North Dakota mortgage calculator to model your payment at current rates.

How much are closing costs in North Dakota?

Closing costs in North Dakota typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's North Dakota mortgage calculator to include closing costs in your calculation.

What are property tax rates in North Dakota?

Property tax rates in North Dakota range from 0.3% to 2.5% of assessed value. CalcDeck's North Dakota calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in North Dakota?

North Dakota offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's North Dakota calculator to see how programs affect your payment.

How do I use the CalcDeck North Dakota mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match North Dakota averages. Get instant monthly payment, total interest, and amortization schedule.

North Dakota Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for North Dakota homeowners.

North Dakota at a Glance

Median Home Price: $242,000
Property Tax Rate: 0.98%
Median Household Income: $71,582
Annual Property Tax: $2,372

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in North Dakota

Based on the North Dakota median home price of $242,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$193,600	$229,900
Principal and Interest	$1,249	$1,483
Property Tax (ND)	$198	$198
Homeowners Insurance	$125	$125
PMI	$0	$96
Total Monthly	$1,572	$1,902

How Much House Can You Afford in North Dakota?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$67,367/year to afford North Dakota's median home
With 5% down, you need ~$81,511/year
North Dakota's median household income is $71,582

North Dakota insight: North Dakota's property tax rate of 0.98% is near the national average.

North Dakota Housing Market Overview

North Dakota's housing market is shaped by oil boom cycles. The statewide median of $242,000 reflects Fargo at $285,000, Bismarck $265,000, and oil-patch Williston $295,000. Rural areas offer excellent value. Inventory is moderate at 3.5 months. The median household income of $71,582 yields a price-to-income ratio of 3.4, very affordable. The effective property tax rate of 0.98% costs about $2,372/year on a median home. North Dakota's strong agricultural and energy sectors support stable demand. Winter temperatures regularly hit -20°F, making heating costs ($2,500–$4,000/year for natural gas/propane) a major consideration.

First-Time Homebuyer Programs in North Dakota

The North Dakota Housing Finance Agency (NDHFA) offers the FirstHome program, providing 30-year fixed-rate FHA, VA, USDA, or conventional mortgages with down payment and closing cost assistance up to $8,000. The HomeAccess program serves disabled buyers and households with disabled members, offering up to $12,000 in assistance. NDHFA also administers the Mortgage Credit Certificate (MCC) program, providing a 20% federal tax credit on mortgage interest. The North Dakota Roots program targets buyers in rural communities with populations under 25,000, offering grants up to $10,000. Income limits: Cass County (Fargo) caps at $85,000 for a two-person household; rural counties cap at $68,000.

Tips for Homebuyers in North Dakota

1) North Dakota's 0.98% property tax is moderate—~$198/month on a median home. 2) Winter heating costs are severe; verify furnace efficiency and ask for 12 months of utility bills. 3) Fargo and Bismarck are competitive for homes under $300,000, but higher-priced homes sit longer. 4) Buy in fall/winter for less competition, though inventory shrinks by 30%. 5) Basements are standard but should be checked for water intrusion during spring thaw. 6) Radon is elevated in eastern ND; always test and budget $800–$1,500 for mitigation.

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North Dakota Mortgage FAQ

What is the median home price in North Dakota?

The median home price in North Dakota is approximately $242,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in North Dakota?

The effective property tax rate in North Dakota is approximately 0.98% (Tax Foundation). On a $242,000 home, that is about $2,372/year in property taxes.

How much income do I need to buy a home in North Dakota?

Using the 28/36 rule with 20% down at 6.7%, you would need about $67,367/year to afford the median North Dakota home at $242,000. With 5% down (including PMI), about $81,511.

What will my monthly mortgage payment be in North Dakota?

On North Dakota's median home price of $242,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $1,572. With 5% down including PMI, about $1,902.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.