United States · North Dakota

North Dakota mortgage calculator

Estimate your monthly payment in North Dakota — principal & interest, property tax, and insurance — using the live national average rate and North Dakota's estimated ~0.98% effective property tax rate. Adjust any figure below.

Data researched & maintained by Robinjit Singh · Last verified June 2026

Affording a home in North Dakota

Affordable

Income gap

$0 gap — a median home in North Dakota asks almost exactly the income the typical household earns.

Median home price

$250,000

The statewide middle — half of homes cost less, half more.

Income needed

$72,000

To qualify at the standard 28% rule with 20% down.

Typical household income

$72,000

What the median household here actually earns.

A median North Dakota home costs $250k — one of the states where a median income is actually enough to qualify.

Median is a statewide figure — expensive cities and more affordable rural areas vary widely.

Source: Zillow ZHVI · U.S. Census ACS · Splitero · Verified 2026-06-30

A single median income can qualify in North Dakota — here's what that looks like

The typical North Dakota household earns $72,000/year. To buy a median-priced home here, lenders generally want to see $72,000/year — which a single median income can cover. North Dakota is one of the more accessible markets in the country right now.

The roles and income paths that commonly reach it in North Dakota are listed below — some single high-earning roles, some two incomes combined.

Roles and income paths that commonly meet the income in North Dakota

Energy sector worker
Nurse
Government worker
Any median income

Pay varies widely by employer, experience, and city — these are paths that often (not always) reach the income needed, not a guarantee for any individual. Entries like “+ partner income” mean two incomes combined.

First-time buyer programs available in North Dakota

HFA Targeted Area Mortgage
North Dakota Housing programs

Programs and their terms change — verify current availability and eligibility with the official state housing agency before relying on any of these.

What makes North Dakota legally different for homebuyers

North Dakota provides a 60-day post-sale redemption period. North Dakota's oil boom areas (Williston Basin) have seen dramatic property value swings tied to energy prices — a unique risk factor not present in most other states.

If you buy here

In oil boom areas of North Dakota, research local economic conditions carefully — property values and rental demand can be highly volatile based on oil prices and rig counts, unlike most residential markets.

Foreclosure: judicial, ~6 mo
Post-sale redemption: 60 days
Anti-deficiency protection: No

General overview only — laws change and individual situations vary. Consult a real estate attorney for advice specific to your purchase. (Verified 2026-06-30.)

A clean, printable one-page summary — free, no account needed.

Loan details

Understanding your numbers before you sign.

A mortgage is likely the largest financial commitment of your life. The Mortgage Ledger was built so you can explore what that commitment actually looks like — payment by payment, line by line — before you're sitting across from a lender.

Rates sourced from FRED (Federal Reserve Bank of St. Louis). Estimates only — not a loan offer.

Enter loan details to see your payment.

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Mortgage rate trend

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Down-payment scenarios for a median home in North Dakota

How much you put down changes the loan, the monthly payment, and the income a lender wants to see. Below is a median-priced $250,000 home in North Dakotaat a 6.65% benchmark rate over 30 years — the same assumptions behind the income figures above.

Down payment	Loan	Monthly P&I	Income to qualify	Mortgage insurance
5% · $12,500	$237,500	$1,525/mo	≈ $89,103	PMI ~$158/mo
10% · $25,000	$225,000	$1,444/mo	≈ $85,307	PMI ~$150/mo
20% · $50,000	$200,000	$1,284/mo	$72,000	None

At 20% down the income to qualify is the $72,000 shown above; putting less down means a bigger loan, a higher payment, and PMI (estimated at ~0.8% of the loan per year until you reach 20% equity — the actual rate varies by credit).

What a median home actually costs each month (20% down)

$1,284principal & interest + $204 property tax + $146 insurance = $1,634/mo. Property tax and insurance are added on top of the mortgage, never blended into the rate. Insurance is North Dakota's average annual premium ($1,750/yr, at a benchmark $300k dwelling) — your quote will vary.

The bigger picture: a median home in North Dakota costs about 3.5×the typical household's yearly income — below the national ratio of about 4.8×.

Go deeper: run your own numbers in the affordability calculator, download the full dataset or read the methodology. Compare with neighbouring South Dakota and Minnesota.

How much do you need to earn to buy a home in North Dakota?

In North Dakota, a median-priced home of $250,000 takes about $72,000 a year to afford — almost exactly the $72,000 a typical household earns, so a single median income is right at the line.

How much do you need to earn to buy a house in North Dakota?

To afford a median-priced home in North Dakota (about $250,000), a buyer needs roughly $72,000 per year, compared with the $72,000 a median North Dakota household earns. Source: The Mortgage Ledger, 2026.

What is the average home price in North Dakota?

The median home price in North Dakota is about $250,000 as of June 2026, per The Mortgage Ledger.

What are property taxes in North Dakota?

North Dakota has an effective property tax rate of about 0.98%, or roughly $2,450 per year on a median-priced home. Source: The Mortgage Ledger, 2026.

Do you need two incomes to buy a home in North Dakota?

No — a single median household income of $72,000 is enough to afford a median-priced home, which needs about $72,000 a year.

Source: The Mortgage Ledger · Figures are statewide medians and benchmark estimates · Data verified June 2026.