Total monthly cost of ownership
Cost to Own a Home in Carrington, North Dakota
A $142,000 home here costs
$1,279per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $730. The real number is $549 higher every month — 75% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Carrington against Foster County and North Dakota
| Measure | Carrington | Foster County |
|---|---|---|
| Median home value | $141,800 | $162,800 |
| Median property tax | $2,148 | $2,092 |
| Effective tax rate | 1.515% | 1.285% |
| Median gross rent | $743 | $756 |
| Population | 2,171 | 3,372 |
The weather behind that power bill
Carrington sits in Foster County, which averages a high of 81.7°F in its hottest month and a low of -1.5°F in its coldest, with 20.77" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 419 cooling and 9,262 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Foster County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Foster County
No other places of this size are published in Foster County.
Full Foster County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Carrington?
A $142,000 home in Carrington, North Dakota costs approximately $1,279 per month with 20% down at 6.66%. That is $730 principal and interest, $179 property tax, $61 homeowners insurance, $190 utilities and $118 set aside for maintenance.
What is the property tax rate in Carrington?
Carrington has an effective property tax rate of 1.515%, based on a median home value of $141,800 and median real estate taxes of $2,148. That is higher than the Foster County average of 1.285%.
What is the average home price in Carrington?
The median owner-occupied home value in Carrington, North Dakota is $141,800, against $162,800 across Foster County.
Is it cheaper to rent or buy in Carrington?
Median gross rent in Carrington is $743 a month, against $1,279 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carrington — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Dakota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.