Total monthly cost of ownership
Cost to Own a Home in Garrison, North Dakota
A $182,000 home here costs
$1,508per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $572 higher every month — 61% 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.
Garrison against McLean County and North Dakota
| Measure | Garrison | McLean County |
|---|---|---|
| Median home value | $181,800 | $233,100 |
| Median property tax | $1,826 | $1,748 |
| Effective tax rate | 1.004% | 0.750% |
| Median gross rent | $625 | $768 |
| Population | 1,456 | 9,807 |
The weather behind that power bill
Garrison sits in McLean County, which averages a high of 81.3°F in its hottest month and a low of 1.6°F in its coldest, with 18.18" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 441 cooling and 8,957 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for McLean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McLean County
Full McLean County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Garrison?
A $182,000 home in Garrison, North Dakota costs approximately $1,508 per month with 20% down at 6.66%. That is $936 principal and interest, $152 property tax, $78 homeowners insurance, $190 utilities and $152 set aside for maintenance.
What is the property tax rate in Garrison?
Garrison has an effective property tax rate of 1.004%, based on a median home value of $181,800 and median real estate taxes of $1,826. That is higher than the McLean County average of 0.750%.
What is the average home price in Garrison?
The median owner-occupied home value in Garrison, North Dakota is $181,800, against $233,100 across McLean County.
Is it cheaper to rent or buy in Garrison?
Median gross rent in Garrison is $625 a month, against $1,508 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 Garrison — 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.