Mortgage on a $350K house in North Dakota
$2,328 a month with 20% down — $1,884 principal and interest plus $269 property tax and $175 insurance.
North Dakota's typical property tax is 0.92% of the home's value a year (U.S. average 0.9%), which adds $269 a month on a $350K home. The typical home in North Dakota is worth $290,657, so $350K is 20% above the typical price.
$350K 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 | $70,000 | $280,000 | $1,884 | $0 | $444 | $2,328 | $99,800 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $444 | $2,694 | $115,500 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $444 | $2,819 | $120,800 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $444 | $2,911 | $124,700 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Williams County | $348,966 | 0.68% | $2,257 |
| Cass County | $339,508 | 1.2% | $2,407 |
| Dunn County | $367,789 | 0.61% | $2,235 |
| Burleigh County | $370,274 | 0.88% | $2,316 |
| McKenzie County | $376,216 | 0.43% | $2,183 |
| Morton County | $323,186 | 1.02% | $2,355 |
| Stark County | $323,057 | 0.89% | $2,317 |
| Grand Forks County | $300,182 | 1.15% | $2,393 |
40 of 43 North Dakota counties tracked by Zillow have a typical home value at or below $350K. See all North Dakota home prices.
Other prices in North Dakota
Frequently asked questions
What is the mortgage on a $350K house in North Dakota?
About $2,328 a month with 20% down at 7.11%: $1,884 principal and interest, $269 property tax and $175 insurance.
How much do I need to make to buy a $350K house in North Dakota?
About $99,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in North Dakota?
At North Dakota's typical effective rate of 0.92%, about $3,230 a year. Rates vary by county and city — see the county pages.