Total monthly cost of ownership
Cost to Own a Home in Mandan, North Dakota
A $246,000 home here costs
$1,992per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,265. The real number is $727 higher every month — 57% 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.
Mandan against Morton County and North Dakota
| Measure | Mandan | Morton County |
|---|---|---|
| Median home value | $246,300 | $249,600 |
| Median property tax | $2,713 | $2,562 |
| Effective tax rate | 1.102% | 1.026% |
| Median gross rent | $1,044 | $1,036 |
| Population | 24,293 | 33,479 |
The weather behind that power bill
Mandan sits in Morton County, which averages a high of 84.7°F in its hottest month and a low of 2.4°F in its coldest, with 19.05" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 536 cooling and 8,471 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Morton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morton County
No other places of this size are published in Morton County.
Full Morton County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Mandan?
A $246,000 home in Mandan, North Dakota costs approximately $1,992 per month with 20% down at 6.66%. That is $1,265 principal and interest, $226 property tax, $106 homeowners insurance, $190 utilities and $205 set aside for maintenance.
What is the property tax rate in Mandan?
Mandan has an effective property tax rate of 1.102%, based on a median home value of $246,300 and median real estate taxes of $2,713. That is higher than the Morton County average of 1.026%.
What is the average home price in Mandan?
The median owner-occupied home value in Mandan, North Dakota is $246,300, against $249,600 across Morton County.
Is it cheaper to rent or buy in Mandan?
Median gross rent in Mandan is $1,044 a month, against $1,992 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 Mandan — 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.