Total monthly cost of ownership
Cost to Own a Home in New Rockford, North Dakota
A $101,000 home here costs
$993per 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 $42,500 a year.
A standard mortgage calculator would have told you $551. The real number is $442 higher every month, 80% more than the payment most buyers budget for.
Compare Eddy County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for New Rockford from a five-year rolling sample, and with about 1,325 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 Eddy 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.
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 $137 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
Talk to someone who works this market
These are New Rockford 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 New Rockford every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in New Rockford I already own here and may sell
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 $993 per month with 20% down at 7.24%. That is $551 principal and interest, $110 property tax, $43 homeowners insurance, $205 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 $993 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 New Rockford?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in New Rockford, North Dakota at today's rate takes a household income of roughly $42,500 a year. That covers the full $993 monthly cost, not just the mortgage payment.
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.