How Much House Can You Afford in North Dakota?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With North Dakota's median income of $68,000/year ($5,667/month), that means a maximum housing payment of roughly $1,587/month.
At 6.89% over 30 years with a 10% down payment ($24,000), that monthly budget supports a purchase price of approximately $228,000–$240,000. The median home price in North Dakota is $240,000, which means housing is near the national average.