Total monthly cost of ownership
Cost to Own a Home in Harvey, North Dakota
A $118,000 home here costs
$1,113per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $507 higher every month — 84% 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.
Harvey against Wells County and North Dakota
| Measure | Harvey | Wells County |
|---|---|---|
| Median home value | $118,000 | $106,400 |
| Median property tax | $2,010 | $1,107 |
| Effective tax rate | 1.703% | 1.040% |
| Median gross rent | $631 | $630 |
| Population | 1,720 | 3,942 |
The weather behind that power bill
Harvey sits in Wells County, which averages a high of 80.5°F in its hottest month and a low of 1.2°F in its coldest, with 17.27" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 364 cooling and 9,098 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Wells County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wells County
No other places of this size are published in Wells County.
Full Wells County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Harvey?
A $118,000 home in Harvey, North Dakota costs approximately $1,113 per month with 20% down at 6.66%. That is $607 principal and interest, $167 property tax, $51 homeowners insurance, $190 utilities and $98 set aside for maintenance.
What is the property tax rate in Harvey?
Harvey has an effective property tax rate of 1.703%, based on a median home value of $118,000 and median real estate taxes of $2,010. That is higher than the Wells County average of 1.040%.
What is the average home price in Harvey?
The median owner-occupied home value in Harvey, North Dakota is $118,000, against $106,400 across Wells County.
Is it cheaper to rent or buy in Harvey?
Median gross rent in Harvey is $631 a month, against $1,113 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 Harvey — 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.