North Dakota variant. This is a North Dakota-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
How much house you can afford in North Dakota hinges on the $73,959 median income, 0.98% property tax, and current rates. The 28/36 rule turns income into a realistic price ceiling.
Affordability math for North Dakota
Lenders typically cap housing costs at 28% of gross income. On North Dakota's $73,959 median income, that's about $1,726/month for principal, interest, taxes, and insurance.
After reserving for 0.98% property tax and insurance, the remaining payment supports a home priced near $341,282 with 20% down - compared with the $250,000 state median.
About taxes and housing in North Dakota
North Dakota has one of the lowest top income tax rates in the country, with a top marginal rate around 2.5%.
North Dakota's effective property tax rate is near 0.98%, with median home values around $250,000.
North Dakota's economy is strongly tied to oil and gas production in the Bakken formation along with large-scale agriculture.
Worked example: max price on $73,959
28% of $73,959 ÷ 12 ≈ $1,726/month. At 6.5% for 30 years with 20% down, that supports roughly $341,282 in home price before taxes and insurance reduce it further.
Quick reference
- State income tax: 1.95-2.5% across 3 brackets (lowest top rate)
- State sales tax: 5% (plus 1.97% avg local)
- Median home value: $250,000
- Median household income: $73,959
- Effective property tax rate: 0.98%
- Avg auto insurance: $1,240/yr
Frequently Asked Questions
How much house can I afford in North Dakota?
On the $73,959 median income, the 28% rule supports roughly $341,282 in home price at current sample rates - adjust for your real income and debts above.
What is the 28/36 rule?
Spend no more than 28% of gross income on housing and 36% on total debt. It's the standard lender affordability guideline.