Steele County, ND real estate

What the numbers say

Steele County, ND real estate at a glance

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

Homeowners in Steele County pay a median of $1,322 a year in property taxes on a median home value of $130,700, an effective rate of about 1.01%. The North Dakota average is 0.99%, which makes Steele County the #35 lowest-tax of 53 counties in the state with published tax data.

Renters pay a median of $738 a month, and $815 for a two-bedroom. At today's prices a typical home costs about 15 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $131,000 home here comes to about $877 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $38,000 a year (the median household here earns $77,500).