Total monthly cost of ownership
Cost to Own a Home in Devils Lake, North Dakota
A $171,000 home here costs
$1,438per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $559 higher every month — 64% 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.
Devils Lake against Ramsey County and North Dakota
| Measure | Devils Lake | Ramsey County |
|---|---|---|
| Median home value | $171,000 | $197,400 |
| Median property tax | $1,831 | $1,847 |
| Effective tax rate | 1.071% | 0.936% |
| Median gross rent | $678 | $687 |
| Population | 7,170 | 11,563 |
The weather behind that power bill
Devils Lake sits in Ramsey County, which averages a high of 79.4°F in its hottest month and a low of -1.8°F in its coldest, with 19.98" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 424 cooling and 9,428 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Ramsey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ramsey County
No other places of this size are published in Ramsey County.
Full Ramsey County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Devils Lake?
A $171,000 home in Devils Lake, North Dakota costs approximately $1,438 per month with 20% down at 6.66%. That is $879 principal and interest, $153 property tax, $73 homeowners insurance, $190 utilities and $143 set aside for maintenance.
What is the property tax rate in Devils Lake?
Devils Lake has an effective property tax rate of 1.071%, based on a median home value of $171,000 and median real estate taxes of $1,831. That is higher than the Ramsey County average of 0.936%.
What is the average home price in Devils Lake?
The median owner-occupied home value in Devils Lake, North Dakota is $171,000, against $197,400 across Ramsey County.
Is it cheaper to rent or buy in Devils Lake?
Median gross rent in Devils Lake is $678 a month, against $1,438 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 Devils Lake — 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.