Total monthly cost of ownership
Cost to Own a Home in Washburn, North Dakota
A $226,000 home here costs
$1,850per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,162. The real number is $688 higher every month — 59% 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.
Washburn against McLean County and North Dakota
| Measure | Washburn | McLean County |
|---|---|---|
| Median home value | $226,200 | $233,100 |
| Median property tax | $2,550 | $1,748 |
| Effective tax rate | 1.127% | 0.750% |
| Median gross rent | $804 | $768 |
| Population | 1,434 | 9,807 |
The weather behind that power bill
Washburn sits in McLean County, which averages a high of 81.3°F in its hottest month and a low of 1.6°F in its coldest, with 18.18" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 441 cooling and 8,957 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for McLean County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McLean County
Full McLean County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Washburn?
A $226,000 home in Washburn, North Dakota costs approximately $1,850 per month with 20% down at 6.66%. That is $1,162 principal and interest, $212 property tax, $97 homeowners insurance, $190 utilities and $188 set aside for maintenance.
What is the property tax rate in Washburn?
Washburn has an effective property tax rate of 1.127%, based on a median home value of $226,200 and median real estate taxes of $2,550. That is higher than the McLean County average of 0.750%.
What is the average home price in Washburn?
The median owner-occupied home value in Washburn, North Dakota is $226,200, against $233,100 across McLean County.
Is it cheaper to rent or buy in Washburn?
Median gross rent in Washburn is $804 a month, against $1,850 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 Washburn — 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.