CALCMONEY // HOME AFFORDABILITY // ND
Find out how much home you can afford in North Dakota using local median home prices, current mortgage rates, and ND-specific property tax data.
Open Full Calculator$250,000
$1,639/mo
$240,179
$70,240/yr
| Median Home Price | $250,000 |
| Down Payment (20%) | $50,000 |
| Loan Amount | $200,000 |
| Monthly PI Payment | $1,331 |
| Monthly Property Tax | $204 |
| Monthly Insurance Est. | $104 |
| Total Monthly PITI | $1,639 |
| Required Gross Income (28% rule) | $70,240/yr |
| Max Affordable Price (28% rule) | $240,179 |
$8,750
$2,084/mo
North Dakota Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $250,000 | State median |
| Down Payment (20%) | $50,000 | Conventional |
| Monthly PITI (median home) | $1,639 | 7% rate |
| Required Income (28% rule) | $70,240 | Annual gross |
| Max Affordable Home | $240,179 | Based on median income |
| FHA Down Payment (3.5%) | $8,750 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in North Dakota is $250,000, with a current 30-year fixed mortgage rate of 7%. A buyer putting 20% down on the median home would carry a loan of $200,000, resulting in a monthly principal and interest payment of $1,331. Once property taxes and insurance are added, total monthly housing costs reach $1,639.
Property taxes in North Dakota average 0.98%, near the national average of 1.1%. On the median North Dakota home, property taxes add $204/month to total housing costs.
North Dakota levies a state income tax of 0%–2.5%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and North Dakota state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning North Dakota's median income of $68,000/year can afford up to $1,587/month in total housing costs (principal, interest, taxes, and insurance). Based on North Dakota's current mortgage rate of 7% and property tax rate of 0.98%, that translates to a maximum affordable home price of approximately $240,179 with 20% down on a 30-year loan.
To comfortably afford the median North Dakota home priced at $250,000, you need an annual gross income of approximately $70,240. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,331, property taxes of $204, and insurance of $104) come to $1,639/month, which should not exceed 28% of your gross monthly income.
North Dakota's average property tax rate is 0.98%, which is near the national average of 1.1%. On the median North Dakota home of $250,000, that means annual property taxes of $2,450, or $204/month. Because lenders include property taxes in your debt-to-income calculation, North Dakota's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median North Dakota home of $250,000, that is $8,750. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($50,000 on the median North Dakota home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no North Dakota-specific minimum down payment requirements beyond federal guidelines.