Morton County, ND real estate

What the numbers say

Morton County, ND real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Morton County pay a median of $2,686 a year in property taxes on a median home value of $263,900, an effective rate of about 1.02%. The North Dakota average is 0.99%, which makes Morton County the #38 lowest-tax of 53 counties in the state with published tax data.

Renters pay a median of $1,076 a month, and $1,013 for a two-bedroom. At today's prices a typical home costs about 20 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $264,000 home here comes to about $1,773 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $76,000 a year (the median household here earns $79,382).