North Dakota Mortgage Calculator

Mortgage Calculator in North Dakota

The median home price in North Dakota is $240,000, which is 43% below the national average of $420,000. North Dakota's effective property tax rate of 0.98% is 0.12 percentage points lower than the national average of 1.1%.

Metric	North Dakota (ND)	National Avg	vs National Average
Median Home Price	$240,000	$420,000	-43%
Property Tax Rate	0.98%	1.1%	-0.12%
Home Insurance (Annual)	$1,600	$2,300	-30%
State Sales Tax	5%	5%	+0.0%
FHA Loan Limit	$472,030	$472,030	Standard
Conforming Loan Limit	$766,550	$766,550	Standard

Homeownership in North Dakota

North Dakota's housing market is driven by energy (the Bakken oil shale formation in the western part of the state), agriculture, and government employment in the Bismarck-Mandan area. The median home price around $240,000 is affordable by national standards, and the oil boom communities of Williston and Dickinson have seen boom-bust cycles that create unusual market dynamics. The state has no estate tax and among the lowest income tax rates in the country.

Tips for North Dakota Homebuyers and Homeowners

• North Dakota's income tax rates top out at just 2.9% -- among the lowest in the country for a state that has an income tax at all, making the total ownership cost structure favorable.
• The oil patch counties in western North Dakota (Williams, McKenzie, Mountrail) are subject to employment-driven demand -- housing values can fluctuate with oil prices more than in most markets.
• North Dakota assesses property at 50% of true and full value -- the 0.98% effective rate applies to that 50% base, making actual tax bills roughly half what the nominal rate suggests.
• The state's Homestead Credit reduces property tax for qualifying seniors and disabled residents -- income limits apply, and the credit can offset a substantial share of the annual tax bill.

North Dakota Programs and Assistance

• North Dakota Housing Finance Agency (NDHFA) HomeAccess Program -- competitive fixed-rate loans with down payment assistance for first-time buyers with income at or below area median.
• NDHFA Start Program -- targets buyers with income at or below 80% AMI, offering deeper subsidies and more flexible qualifying criteria.
• USDA Rural Development programs are widely applicable in North Dakota's predominantly rural landscape, offering 100% financing in eligible areas.

Did you know? North Dakota has an income tax top rate of 2.9% -- but when combined with no estate tax and moderate property taxes, it has one of the lowest total state-and-local tax burdens on homeowners among all U.S. states.