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North Dakota Rent vs Buy Calculator โ€” Updated 2026

State abbreviation: ND

In North Dakota, the median home price is $245,000, and property taxes are 0.98% annually. Homeowners insurance averages $1320/year. Use this calculator to compare the long-term costs of renting versus buying given North Dakota's specific market conditions and tax environment.

North Dakota Financial Data (2026)

State Tax Rate
5.94%
Property Tax Rate
0.98%
Median Home Price
$245,000
Avg Insurance Cost
$1,320/year
Cost of Living Index
88
State Abbreviation
ND