Total monthly cost of ownership
Cost to Own a Home in New Town, North Dakota
A $200,000 home here costs
$1,578per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $550 higher every month — 54% 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 Town against Mountrail County and North Dakota
| Measure | New Town | Mountrail County |
|---|---|---|
| Median home value | $199,700 | $222,200 |
| Median property tax | $1,286 | $1,172 |
| Effective tax rate | 0.644% | 0.527% |
| Median gross rent | $819 | $864 |
| Population | 2,725 | 9,567 |
The weather behind that power bill
New Town sits in Mountrail County, which averages a high of 80.3°F in its hottest month and a low of -0.6°F in its coldest, with 19.28" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 272 cooling and 9,810 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Mountrail County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mountrail County
Full Mountrail County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in New Town?
A $200,000 home in New Town, North Dakota costs approximately $1,578 per month with 20% down at 6.66%. That is $1,028 principal and interest, $107 property tax, $86 homeowners insurance, $190 utilities and $167 set aside for maintenance.
What is the property tax rate in New Town?
New Town has an effective property tax rate of 0.644%, based on a median home value of $199,700 and median real estate taxes of $1,286. That is higher than the Mountrail County average of 0.527%.
What is the average home price in New Town?
The median owner-occupied home value in New Town, North Dakota is $199,700, against $222,200 across Mountrail County.
Is it cheaper to rent or buy in New Town?
Median gross rent in New Town is $819 a month, against $1,578 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 Town — 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.