Mortgage payment estimates, closing cost breakdowns, and homebuying data for Dickinson, North Dakota.
Median Home Price
$275K
Population
25K
Avg Monthly Rent
$1,050
Property Tax Rate
0.98% *
* Property tax shown is the North Dakota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Dickinson.
Dickinson vs North Dakota Median
The median home price in Dickinson is $275,000, which is 8% above the North Dakota state median of $255,000.
Mortgage Calculator — Dickinson, ND
Pre-filled with Dickinson median home price and North Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using North Dakota's 0.98% tax rate and $2,100/yr insurance.
5% Down
$2,203/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $225
Insurance: $175
PMI: $152
10% Down
$2,108/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $225
Insurance: $175
PMI: $144
20% Down (No PMI)
$1,790/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $225
Insurance: $175
Income needed (28% rule): $77K/year with 20% down, $90K/year with 10% down.
Rent vs Buy in Dickinson
Rent
$1,050/mo
vs
Buy (10% down)
$2,108/mo
Price-to-rent ratio: 21.8 — At a ratio above 20, renting may be more economical in Dickinson for shorter stays. Buying costs $1,058 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Dickinson is $275,000, 8% above the North Dakota state median of $255,000. With a population of 25,026, Dickinson is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $275,000 home in Dickinson would carry roughly $225/month in property taxes. Homeowners insurance in North Dakota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Dickinson is $1,050/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Dickinson presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Dickinson.