Mortgage Calculator in North Dakota

Calculate your monthly mortgage payment in North Dakota using the 2026 median home price of $281K and current local rates. Adjust the inputs below. Formula shown, sources cited — no account required.

North Dakota's housing market offers some of the most accessible prices in the northern plains, with a median home price of $281,000 that remains well below the national average. The energy sector has driven demand in cities like Bismarck and Fargo, but even those markets are modest compared to coastal metros. Property taxes run 0.98% annually, adding roughly $2,754 per year on a median-priced home — a reasonable carrying cost for the region. Closing costs average 1.8% of the purchase price, which is slightly above the national norm and adds about $5,058 to upfront costs on a median home. First-time buyers can turn to the NDHFA FirstHome Program or the DCA Program for below-market rates and down payment assistance. A standard 10% down payment equals $28,100 in cash, making the entry barrier lower than in most other states. The mortgage calculator lets you test how different rates, terms, and down payments change your monthly payment and total borrowing cost in North Dakota's market.

ℹ

North Dakota's average mortgage rate of 6.65% and median home price of $281K produce a monthly P&I of approximately $1,624 before taxes and insurance.

Know your real number before you decide.

Free. No email. The math is right there.

See all 20 calculators →

North Dakota Housing Market at a Glance (2026)

$281K

Median Home Price

6.65%

Avg Mortgage Rate

0.98%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in North Dakota: Costs to Know

Average closing costs1.8% of purchase price

On a $281K home, closing costs â‰ˆ$5,058

Median household income$77,871/yr

State income tax (top rate)2.5%

First-Time Buyer Programs in North Dakota

North Dakota offers state-sponsored programs that can reduce your down payment or closing costs:

✓NDHFA FirstHome Program
✓DCA Program

How Mortgage Payments Work in North Dakota

A standard mortgage payment in North Dakota is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $281K home in North Dakota with a 10% down payment at 6.65% over 30 years, your principal and interest payment comes to approximately $1,624/month— not including property taxes or homeowner's insurance.

North Dakota's property tax rate of 0.98% adds roughly $229/month to your total housing cost on a $281K home. This rate is near the national average of ~1.1%.

North Dakota vs. National Average

Metric	North Dakota	National Avg
Median Home Price	$281,000	$420,000
Property Tax Rate	0.98%	1.07%
Avg Mortgage Rate	6.65%	6.85%
Cost of Living Index	91.1	100

Questions You Might Ask — Mortgage Calculator in North Dakota

What is the average mortgage payment in North Dakota?

Based on the median home price of $281K in North Dakota with a 10% down payment and 6.65% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $1,624. Adding property taxes (~$229/mo) and homeowner's insurance, total PITI is typically $2,003–$2,103/month.

What is the property tax rate in North Dakota?

North Dakota has an average effective property tax rate of 0.98%. On the median home price of $281K, that equals roughly $2,754 per year — or $229 added to your monthly mortgage payment. This is near the national average of ~1.1%.

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

The typical down payment in North Dakota is 10% — about $28,100 on the median $281K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like NDHFA FirstHome Program.

What are closing costs in North Dakota?

Average closing costs in North Dakota are approximately 1.8% of the purchase price — about $5,058 on the median $281K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in North Dakota?

To afford the $281K median home in North Dakota under the 28% housing-cost rule, you need a gross monthly income of at least $7,154 — roughly $86K/year. The median household income in North Dakota is $77,871.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.