Mortgage Calculator — North Dakota
Pre-filled with North Dakota's average home price of $250000, property tax rate of 1.23%, and average insurance of $1500/year. Adjust any value below.
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North Dakota Housing Market
North Dakota's oil-driven economy creates boom-bust cycles in western markets like Williston. Fargo and Bismarck provide more stable housing markets anchored by state government, healthcare, and education sectors.
Affordability in North Dakota
North Dakota offers solid affordability in its main urban centers. Fargo's growing tech and healthcare sectors support consistent demand. Cold climate keeps competition lower than comparable Sun Belt markets.
Key Markets
First-Time Buyer Programs in North Dakota
FirstHome
Below-market fixed-rate mortgage for first-time buyers, with income and price limits.
Down Payment & Closing Cost Assistance (DCA)
Help toward down payment and closing costs as a second loan, paired with an NDHFA first mortgage.
Programs are run by the North Dakota Housing Finance Agency (NDHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in North Dakota
Homes are assessed at 50% of market value and taxed at 9% of that. The state's Primary Residence Credit lowers bills on owner-occupied homes. At North Dakota's average effective rate of 1.23%, a $250,000 home pays roughly $3,080/year (about $257/month).
North Dakota Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in North Dakota
North Dakota has no real estate transfer tax, no mortgage tax, and no requirement to disclose sale prices. Closing costs are mostly lender and title fees.
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