North Dakota Homeowners Insurance Calculator 2026 — Annual Cost
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
Homeowners insurance in North Dakota averages $1,700/year or $142/month for a $220K home. This is below the US national average of $1,900/year. Rates vary by location, coverage level, and home age.
North Dakota Housing & Mortgage Data
| Median Home Price | $220,000 |
| 30-Year Fixed Rate | 6.85%(State average, Apr 2026) |
| Property Tax Rate | 0.96%(Effective rate) |
| Avg HO Insurance | $1,700/yr ($142/mo) |
| Typical Down Payment | 10% ($22,000) |
| Median Household Income | $66,000/yr |
Key Facts for North Dakota
- ✓North Dakota median home price is $220,000 as of 2026
- ✓30-year fixed mortgage rates in North Dakota average 6.85%
- ✓Property taxes in North Dakota are 0.96% — near the national average of 1.10%
- ✓Homeowners insurance averages $1,700/year in North Dakota
- ✓A household earning $55,000/year can typically afford the median North Dakota home
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Frequently Asked Questions — Homeowners Insurance Calculator in North Dakota
- What does homeowners insurance cover in North Dakota?
- Standard homeowners insurance in North Dakota covers your dwelling (structure), personal property, liability, and additional living expenses if you must temporarily relocate. North Dakota's average premium of $1,700/year is near the national average.
- Is homeowners insurance required in North Dakota?
- Homeowners insurance is not legally required in North Dakota, but virtually all mortgage lenders require it as a condition of the loan. Without a mortgage, you can self-insure, but this is rarely advisable given the cost of rebuilding a home. Flood insurance is separate and required in FEMA-designated flood zones.
- What is the average mortgage payment in North Dakota?
- The average monthly mortgage payment (principal + interest) in North Dakota is approximately $1,297 for a $198,000 loan at 6.85% over 30 years. Adding property tax ($176/mo) and homeowners insurance ($142/mo) brings total PITI to about $1,615/month.
- What credit score do I need for a mortgage in North Dakota?
- Most North Dakota lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in North Dakota, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $29,700 over the life of a 30-year loan.
- How much down payment is required to buy a home in North Dakota?
- You can buy a home in North Dakota with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the North Dakota median home price of $220,000, a 20% down payment is $44,000 and lets you avoid PMI. North Dakota also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in North Dakota?
- Current 30-year fixed mortgage rates in North Dakota average 6.85% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best North Dakota mortgage rate.
- What is the property tax rate in North Dakota?
- North Dakota's effective property tax rate is 0.96%. On the North Dakota median home value of $220,000, annual property taxes are approximately $2,112 ($176/month). Property taxes in North Dakota are typically escrowed in your monthly mortgage payment.