How much house can I afford on $40,000 in North Dakota?
About $140,000 with 20% down ($112,000 with an FHA loan), using North Dakota's 0.92% property tax rate.
That is $150,323 less than the typical North Dakota home ($290,657), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $755 principal and interest, $108 property tax and $70 insurance.
Counties in North Dakota you can afford on $40,000
4 of 43 counties have a typical home value at or below $140,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wells County | $128,455 | +0.5% | 0.98% |
| Towner County | $120,691 | +7.7% | 0.88% |
| Sheridan County | $117,383 | -6.9% | 0.7% |
| Eddy County | $116,853 | -1.8% | 1% |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in North Dakota
Frequently asked questions
How much house can I afford on $40,000 in North Dakota?
About $140,000 with 20% down at 7.11%, keeping the payment (with North Dakota's 0.92% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in North Dakota?
Not the typical home: the typical North Dakota home is worth $290,657 (Zillow, September 2026) and $40,000 supports about $140,000. 4 of 43 counties are within budget.