Mortgage on a $250K house in North Dakota
$1,663 a month with 20% down — $1,345 principal and interest plus $192 property tax and $125 insurance.
North Dakota's typical property tax is 0.92% of the home's value a year (U.S. average 0.9%), which adds $192 a month on a $250K home. The typical home in North Dakota is worth $290,657, so $250K is 14% below the typical price.
$250K home in North Dakota: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $317 | $1,663 | $71,300 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $317 | $1,925 | $82,500 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $317 | $2,014 | $86,300 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $317 | $2,079 | $89,100 |
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.
Where in North Dakota does $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Oliver County | $256,771 | 0.62% | $1,600 |
| Traill County | $233,747 | 1.03% | $1,686 |
| Mercer County | $233,278 | 1.1% | $1,700 |
| Richland County | $231,281 | 1.13% | $1,705 |
| Bottineau County | $230,235 | 0.72% | $1,621 |
| Ramsey County | $230,097 | 0.99% | $1,677 |
| Stutsman County | $228,961 | 1.1% | $1,699 |
| McLean County | $224,646 | 0.76% | $1,629 |
| Ward County | $281,678 | 1.07% | $1,693 |
| Mountrail County | $215,626 | 0.52% | $1,579 |
33 of 43 North Dakota counties tracked by Zillow have a typical home value at or below $250K. See all North Dakota home prices.
Other prices in North Dakota
Frequently asked questions
What is the mortgage on a $250K house in North Dakota?
About $1,663 a month with 20% down at 7.11%: $1,345 principal and interest, $192 property tax and $125 insurance.
How much do I need to make to buy a $250K house in North Dakota?
About $71,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in North Dakota?
At North Dakota's typical effective rate of 0.92%, about $2,307 a year. Rates vary by county and city — see the county pages.