North Dakota First-Time Homebuyer Guide
Everything you need to know about buying your first home in North Dakota — from property taxes and insurance costs to down payment assistance programs that can save you thousands.
Key homebuying statistics for North Dakota
Property Tax Rate
0.94%
Below national avg (1.10%)
Avg. Annual Insurance
$1,600
Below national avg ($1,700)
Closing Cost Estimate
3.00%
At national avg (3.00%)
Data last verified: February 2026. Found incorrect data? Email us .
What These Numbers Mean for You
On a $350,000 home in North Dakota:
Annual property taxes
~$3,290
~$274/month
Annual homeowner's insurance
~$1,600
~$133/month
Estimated closing costs
~$10,500
Due at closing
These are estimates. Actual costs depend on your specific property, lender, and county. Use our calculators below for personalized estimates.
Buying a Home in North Dakota
North Dakota offers unique opportunities and challenges for first-time homebuyers. Understanding local costs is essential before you start house hunting, because property taxes, insurance, and closing costs vary significantly from state to state and can add hundreds of dollars to your monthly payment.
Good news: North Dakota's property tax rate of 0.94% is below the national average of 1.10%, which means lower monthly costs compared to many other states. On the insurance side, North Dakota homeowners enjoy below-average premiums at $1,600/year.
As a first-time buyer, you likely qualify for one or more down payment assistance programs specific to North Dakota. These programs can significantly reduce the upfront cash you need to purchase a home. Check the programs listed below and reach out to a local HUD-approved housing counselor for personalized guidance.
North Dakota Down Payment Assistance Programs
NDHFA FirstHome Program
Below-market-rate mortgage for first-time homebuyers purchasing within NDHFA price limits.
NDHFA DCA Program
Down payment and closing cost assistance as a deferred second mortgage for qualifying homebuyers.
Program details and eligibility requirements change. Visit each program's website for the most current information.
Try Our Calculators with North Dakota Data
Mortgage Payment Calculator
Estimate your monthly payment including principal, interest, taxes, and insurance.
Affordability Calculator
Find out how much home you can afford based on your income and debts.
Down Payment Calculator
Explore down payment options and understand PMI costs.
Closing Costs Estimator
Get a breakdown of expected closing costs for your purchase.
Amortization Schedule
See how your loan balance decreases over time with each payment.