Cost of Ownership · North Dakota

The true cost of owning a home in North Dakota

For a median $241,100 home in North Dakota, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$1,762/mo

PITI + PMI

True monthly cost

$1,963/mo

everything, incl. upkeep

The gap

+$201/mo

what approval leaves out

Principal & interest$1,362/mo

Property tax$199/mo

Homeowners insurance$110/mo

PMI (LTV > 80%)$90/mo

Maintenance reserve$201/mo

True monthly cost$1,963/mo

Effective property-tax rate

0.99%

Avg. homeowners premium

$1,325/yr

NFIP flood claims on record

13,307

These figures use North Dakota’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how North Dakota ranks on property tax and insurance, or browse every state.