Total monthly cost of ownership
Cost to Own a Home in Valley City, North Dakota
A $153,000 home here costs
$1,343per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $557 higher every month — 71% 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.
Valley City against Barnes County and North Dakota
| Measure | Valley City | Barnes County |
|---|---|---|
| Median home value | $152,800 | $168,100 |
| Median property tax | $2,077 | $1,842 |
| Effective tax rate | 1.359% | 1.096% |
| Median gross rent | $782 | $779 |
| Population | 6,554 | 10,794 |
The weather behind that power bill
Valley City sits in Barnes County, which averages a high of 81.2°F in its hottest month and a low of -2.3°F in its coldest, with 21.46" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 399 cooling and 9,284 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Barnes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barnes County
No other places of this size are published in Barnes County.
Full Barnes County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Valley City?
A $153,000 home in Valley City, North Dakota costs approximately $1,343 per month with 20% down at 6.66%. That is $787 principal and interest, $173 property tax, $66 homeowners insurance, $190 utilities and $128 set aside for maintenance.
What is the property tax rate in Valley City?
Valley City has an effective property tax rate of 1.359%, based on a median home value of $152,800 and median real estate taxes of $2,077. That is higher than the Barnes County average of 1.096%.
What is the average home price in Valley City?
The median owner-occupied home value in Valley City, North Dakota is $152,800, against $168,100 across Barnes County.
Is it cheaper to rent or buy in Valley City?
Median gross rent in Valley City is $782 a month, against $1,343 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 Valley City — 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.