How Much House Can I Afford in North Dakota?
Find out how much house you can afford in North Dakota with 0.98% property tax. Uses 28/36 rule with North Dakota-specific data.
How This Calculator Works
Calculation methodology and assumptions
Calculates home affordability in North Dakota using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes North Dakota's effective property tax rate of 0.98% and average home insurance of $2,050/year. Median home price in North Dakota: $250,000.
Key State Information
North Dakota housing market: Median home price $250,000 | Property tax rate 0.98% | Avg home insurance $2,050/yr | Median household income $68,131. Home prices are moderate relative to income.
Frequently Asked Questions
How much house can I afford on the median income in North Dakota?
With North Dakota's median household income of $68,131 and a 10% down payment, you can typically afford a home priced around $238,459-$306,590 depending on debts and interest rates. The median home in North Dakota costs $250,000.
What is the property tax rate in North Dakota?
North Dakota's effective property tax rate is 0.98%. On a $250,000 home, that's approximately $2,450/year or $204/month.
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