Total monthly cost of ownership
Cost to Own a Home in New Rockford, North Dakota
A $101,000 home here costs
$947per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $428 higher every month — 82% 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.
New Rockford against Eddy County and North Dakota
| Measure | New Rockford | Eddy County |
|---|---|---|
| Median home value | $101,400 | $115,500 |
| Median property tax | $1,325 | $1,027 |
| Effective tax rate | 1.307% | 0.889% |
| Median gross rent | $584 | $615 |
| Population | 1,325 | 2,319 |
The weather behind that power bill
New Rockford sits in Eddy County, which averages a high of 79.4°F in its hottest month and a low of -1.8°F in its coldest, with 19.98" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 424 cooling and 9,428 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Eddy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Eddy County
No other places of this size are published in Eddy County.
Full Eddy County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in New Rockford?
A $101,000 home in New Rockford, North Dakota costs approximately $947 per month with 20% down at 6.66%. That is $519 principal and interest, $110 property tax, $43 homeowners insurance, $190 utilities and $84 set aside for maintenance.
What is the property tax rate in New Rockford?
New Rockford has an effective property tax rate of 1.307%, based on a median home value of $101,400 and median real estate taxes of $1,325. That is higher than the Eddy County average of 0.889%.
What is the average home price in New Rockford?
The median owner-occupied home value in New Rockford, North Dakota is $101,400, against $115,500 across Eddy County.
Is it cheaper to rent or buy in New Rockford?
Median gross rent in New Rockford is $584 a month, against $947 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 New Rockford — 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.