Mortgage payment estimates, closing cost breakdowns, and homebuying data for Jamestown, North Dakota.
Median Home Price
$195K
Population
15K
Avg Monthly Rent
$820
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 Jamestown.
Jamestown vs North Dakota Median
The median home price in Jamestown is $195,000, which is 24% below the North Dakota state median of $255,000.
Mortgage Calculator — Jamestown, ND
Pre-filled with Jamestown median home price and North Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $195K home using North Dakota's 0.98% tax rate and $2,100/yr insurance.
5% Down
$1,613/mo
Down: $9,750
Loan: $185K
P&I: $1,171
Tax: $159
Insurance: $175
PMI: $108
10% Down
$1,546/mo
Down: $19,500
Loan: $176K
P&I: $1,109
Tax: $159
Insurance: $175
PMI: $102
20% Down (No PMI)
$1,320/mo
Down: $39,000
Loan: $156K
P&I: $986
Tax: $159
Insurance: $175
Income needed (28% rule): $57K/year with 20% down, $66K/year with 10% down.
Rent vs Buy in Jamestown
Rent
$820/mo
vs
Buy (10% down)
$1,546/mo
Price-to-rent ratio: 19.8 — A ratio between 15-20 means the rent vs buy decision in Jamestown depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Jamestown is $195,000, 24% below the North Dakota state median of $255,000. With a population of 15,427, Jamestown is a smaller market where home prices tend to be more accessible than in many parts of North Dakota.
Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $195,000 home in Jamestown would carry roughly $159/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 Jamestown is $820/month. The price-to-rent ratio in Jamestown is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Jamestown offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Dakota's NDHFA FirstHome program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Jamestown.