Total monthly cost of ownership
Cost to Own a Home in Hazen, North Dakota
A $189,000 home here costs
$1,563per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $972. The real number is $591 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.
Hazen against Mercer County and North Dakota
| Measure | Hazen | Mercer County |
|---|---|---|
| Median home value | $189,300 | $196,200 |
| Median property tax | $1,951 | $2,101 |
| Effective tax rate | 1.031% | 1.071% |
| Median gross rent | $989 | $1,043 |
| Population | 2,509 | 8,341 |
The weather behind that power bill
Hazen sits in Mercer County, which averages a high of 85.9°F in its hottest month and a low of 2.8°F in its coldest, with 16.88" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 530 cooling and 8,446 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Mercer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Full Mercer County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Hazen?
A $189,000 home in Hazen, North Dakota costs approximately $1,563 per month with 20% down at 6.66%. That is $972 principal and interest, $162 property tax, $81 homeowners insurance, $190 utilities and $158 set aside for maintenance.
What is the property tax rate in Hazen?
Hazen has an effective property tax rate of 1.031%, based on a median home value of $189,300 and median real estate taxes of $1,951. That is lower than the Mercer County average of 1.071%.
What is the average home price in Hazen?
The median owner-occupied home value in Hazen, North Dakota is $189,300, against $196,200 across Mercer County.
Is it cheaper to rent or buy in Hazen?
Median gross rent in Hazen is $989 a month, against $1,563 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 Hazen — 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.