Total monthly cost of ownership
Cost to Own a Home in Harvey, North Dakota
A $118,000 home here costs
$1,165per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $50,000 a year.
A standard mortgage calculator would have told you $643. The real number is $521 higher every month, 81% more than the payment most buyers budget for.
Compare Wells County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Harvey from a five-year rolling sample, and with about 1,720 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Wells County figures are drawn from a far larger sample if you want a steadier number.
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 $137 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
Talk to someone who works this market
These are Harvey averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Harvey every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Harvey I already own here and may sell
Common questions
How much does it cost to own a home in Harvey?
A $118,000 home in Harvey, North Dakota costs approximately $1,165 per month with 20% down at 7.24%. That is $643 principal and interest, $167 property tax, $51 homeowners insurance, $205 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 $1,165 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Harvey?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Harvey, North Dakota at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,165 monthly cost, not just the mortgage payment.
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.