Total monthly cost of ownership
Cost to Own a Home in Mayville, North Dakota
A $196,000 home here costs
$1,658per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,008. The real number is $650 higher every month — 65% 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.
Mayville against Traill County and North Dakota
| Measure | Mayville | Traill County |
|---|---|---|
| Median home value | $196,200 | $193,200 |
| Median property tax | $2,555 | $2,018 |
| Effective tax rate | 1.302% | 1.045% |
| Median gross rent | $828 | $758 |
| Population | 2,050 | 7,980 |
The weather behind that power bill
Mayville sits in Traill County, which averages a high of 81.3°F in its hottest month and a low of 1.0°F in its coldest, with 22.31" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 573 cooling and 8,681 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Traill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Traill County
Full Traill County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Mayville?
A $196,000 home in Mayville, North Dakota costs approximately $1,658 per month with 20% down at 6.66%. That is $1,008 principal and interest, $213 property tax, $84 homeowners insurance, $190 utilities and $163 set aside for maintenance.
What is the property tax rate in Mayville?
Mayville has an effective property tax rate of 1.302%, based on a median home value of $196,200 and median real estate taxes of $2,555. That is higher than the Traill County average of 1.045%.
What is the average home price in Mayville?
The median owner-occupied home value in Mayville, North Dakota is $196,200, against $193,200 across Traill County.
Is it cheaper to rent or buy in Mayville?
Median gross rent in Mayville is $828 a month, against $1,658 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 Mayville — 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.