The typical owner-occupied home in Reeder is worth about $43,600, 83% below the North Dakota median of $249,900 and 87% below the national median of $332,700. Owners pay a median $593 a year in property taxes, about 1.36% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $36,875 a year, so the median home costs 1.2 times the median income (3.3 times for North Dakota). 79% of occupied homes here are lived in by their owners, and 2% of those owners still have a mortgage.
Reeder at a glance
| Reeder | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $43,600 | $249,900 | $332,700 |
| Median property tax paid per year | $593 | $2,468 | $3,119 |
| Property tax as a share of value | 1.36% | 0.99% | 0.94% |
| Median household income | $36,875 | $76,657 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 2% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | $850 | $954 | $1,413 |
| Median year homes were built | 1940 | 1982 | 1980 |
| Vacant homes | 37.8% | 12.3% | 10.1% |
| Population | 125 | 784,841 | 334,922,499 |
What a typical home costs per month in Reeder
At this week's average 30-year rate of 7.11%, buying the median Reeder home of $43,600 with 20% down costs about $302 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $375, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $12,952 for the 20%-down payment. That payment is 10% of the median Reeder household income of $36,875; at that income and 20% down, the 28% guideline points to a home of about $124,000.
The median rent here is $850 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $8,720 |
|---|---|
| Loan amount | $34,880 |
| Principal and interest | $235 |
| Property taxes (1.36% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| PMI | $0 |
| Total per month | $302 |
Change the numbers in the calculator
| Down payment | $1,526 |
|---|---|
| Loan amount | $42,810 |
| Principal and interest | $288 |
| Property taxes (1.36% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| FHA mortgage insurance | $19 |
| Total per month | $375 |
Change the numbers in the calculator
Questions about home buying in Reeder
What is the median home value in Reeder?
About $43,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Reeder?
Homeowners pay a median $593 a year, which is about 1.36% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Reeder?
For the median home with 20% down at 7.11%, the payment is about $302 a month. Keeping that under 28% of gross income takes about $12,952 a year.
More about Reeder
- Mortgage Refinance in Reeder
- Debt Relief in Reeder
- Home Equity Loans in Reeder
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data