North Dakota Mortgage Calculator 2026
North Dakota offers affordable homeownership with a median price around $250,000 and a very low income tax rate (top rate 2.5% — one of the lowest in the nation). Fargo has emerged as a growing tech and healthcare hub, while the state's oil and gas industry drives economic activity in the west.
Calculate Your North Dakota Mortgage Payment
Pre-filled with North Dakota averages — adjust any value to match your situation.
= $50,000 down
Estimated Monthly Payment Breakdown
Based on $250,000 home price, 20% down, 30-year fixed at 7.25%.
North Dakota Property Taxes & Income Tax
North Dakota's 0.98% property tax rate is close to the national average. The state offers a Homestead Credit for qualifying seniors and disabled individuals. North Dakota's income tax tops out at just 2.5% — one of the lowest rates in the nation.
North Dakota Homeowners Insurance
North Dakota faces significant winter storm risk with heavy snowfall, blizzards, and extreme cold. Flooding is a concern in the Red River Valley (Fargo area). Annual insurance averages $1,200–$1,600. Budget $100–$135/month.
North Dakota Housing Market Overview
Fargo has a growing economy driven by healthcare, technology, and agriculture. Bismarck (state capital) has a stable government and energy-driven market. Minot (home to Minot AFB) has a military-influenced market. Western North Dakota (Williston, Dickinson) has seen boom-and-bust cycles tied to oil prices. Much of rural North Dakota qualifies for USDA loans.
Frequently Asked Questions
What is the average mortgage payment in North Dakota?
Based on North Dakota's median home price of $250,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,686/month.
What is the conforming loan limit in North Dakota?
The conforming loan limit in North Dakota is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in North Dakota?
Yes — North Dakota has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in North Dakota?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in North Dakota with no down payment and no PMI. The VA loan limit in North Dakota is $766,550.
North Dakota Loan Limits
North Dakota Homebuyer Programs
Below-market interest rate mortgages with optional down payment assistance for qualifying first-time homebuyers in North Dakota.
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