Estimate your monthly payment using North Dakota's average home price of $240,000 and property tax rate of 0.99%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
North Dakota's housing market in 2026 has a median home price of approximately $240,000, placing it well below the national median of around $420,000. North Dakota's energy economy has historically supported strong employment and stable housing demand particularly in the Bakken region. Whether you're buying your first home in Fargo or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in North Dakota average 0.99% of assessed value annually — a below-average property tax rate. On a $240,000 home, that translates to roughly $198 per month added to your mortgage payment. Fargo, Bismarck, and Grand Forks all fall under North Dakota's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
North Dakota Housing Finance Agency FirstHome program offers competitive rates and down payment assistance loans. Beyond state programs, FHA loans remain popular in North Dakota requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
North Dakota has no state estate tax and relatively low property taxes making long-term homeownership cost-effective. When shopping for a mortgage in North Dakota, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $240,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average North Dakota home of $240,000 puts your estimated total monthly cost at approximately $1,550 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in North Dakota is approximately $240,000 as of 2026. Prices vary significantly by city and county — Fargo tends to be pricier while more rural areas offer lower prices.
North Dakota has a below-average property tax rate at 0.99% of assessed value. On a $240,000 home that adds about $198 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
North Dakota Housing Finance Agency FirstHome program offers competitive rates and down payment assistance loans. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.