Mortgage Calculator & Closing Costs: Valley City, ND
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Valley City, North Dakota.
Median Home Price
$165K
Population
7K
Avg Monthly Rent
$700
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 Valley City.
Valley City vs North Dakota Median
The median home price in Valley City is $165,000, which is 35% below the North Dakota state median of $255,000.
Mortgage Calculator — Valley City, ND
Pre-filled with Valley City median home price and North Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using North Dakota's 0.98% tax rate and $2,100/yr insurance.
5% Down
$1,392/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $135
Insurance: $175
PMI: $91
10% Down
$1,335/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $135
Insurance: $175
PMI: $87
20% Down (No PMI)
$1,144/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $135
Insurance: $175
Income needed (28% rule): $49K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Valley City
Rent
$700/mo
vs
Buy (10% down)
$1,335/mo
Price-to-rent ratio: 19.6 — A ratio between 15-20 means the rent vs buy decision in Valley City 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 Valley City is $165,000, 35% below the North Dakota state median of $255,000. With a population of 6,585, Valley City 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 $165,000 home in Valley City would carry roughly $135/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 Valley City is $700/month. The price-to-rent ratio in Valley City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Valley City 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 Valley City.