Total monthly cost of ownership
Cost to Own a Home in Rolla, North Dakota
A $122,000 home here costs
$1,107per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $479 higher every month — 76% 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.
Rolla against Rolette County and North Dakota
| Measure | Rolla | Rolette County |
|---|---|---|
| Median home value | $121,500 | $93,000 |
| Median property tax | $1,614 | $907 |
| Effective tax rate | 1.328% | 0.975% |
| Median gross rent | $695 | $479 |
| Population | 1,164 | 12,065 |
The weather behind that power bill
Rolla sits in Rolette County, which averages a high of 79.1°F in its hottest month and a low of -5.1°F in its coldest, with 20.14" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 279 cooling and 10,015 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Rolette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rolette County
Full Rolette County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Rolla?
A $122,000 home in Rolla, North Dakota costs approximately $1,107 per month with 20% down at 6.66%. That is $627 principal and interest, $135 property tax, $52 homeowners insurance, $190 utilities and $102 set aside for maintenance.
What is the property tax rate in Rolla?
Rolla has an effective property tax rate of 1.328%, based on a median home value of $121,500 and median real estate taxes of $1,614. That is higher than the Rolette County average of 0.975%.
What is the average home price in Rolla?
The median owner-occupied home value in Rolla, North Dakota is $121,500, against $93,000 across Rolette County.
Is it cheaper to rent or buy in Rolla?
Median gross rent in Rolla is $695 a month, against $1,107 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 Rolla — 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.