The typical owner-occupied home in Newburg is worth about $100,000, 60% below the North Dakota median of $249,900 and 70% below the national median of $332,700. Owners pay a median $600 a year in property taxes, about 0.60% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $90,781 a year, so the median home costs 1.1 times the median income (3.3 times for North Dakota). 48% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Newburg at a glance
| Newburg | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $100,000 | $249,900 | $332,700 |
| Median property tax paid per year | $600 | $2,468 | $3,119 |
| Property tax as a share of value | 0.60% | 0.99% | 0.94% |
| Median household income | $90,781 | $76,657 | $80,734 |
| Homes lived in by their owners | 48% | 63% | 65% |
| Owner homes with a mortgage | 50% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 10.0% | 19.4% | 21.0% |
| Median rent | $485 | $954 | $1,413 |
| Rent as a share of renters' income | 12.9% | 25.0% | 30.6% |
| Median year homes were built | 1975 | 1982 | 1980 |
| Vacant homes | 31.2% | 12.3% | 10.1% |
| Population | 67 | 784,841 | 334,922,499 |
What a typical home costs per month in Newburg
At this week's average 30-year rate of 7.11%, buying the median Newburg home of $100,000 with 20% down costs about $630 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $796, 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 $26,993 for the 20%-down payment. That payment is 8% of the median Newburg household income of $90,781; at that income and 20% down, the 28% guideline points to a home of about $336,000.
The median rent here is $485 a month, so owning the median home costs about $145 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,000 |
|---|---|
| Loan amount | $80,000 |
| Principal and interest | $538 |
| Property taxes (0.60% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $630 |
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| Down payment | $3,500 |
|---|---|
| Loan amount | $98,189 |
| Principal and interest | $661 |
| Property taxes (0.60% a year) | $50 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $796 |
Change the numbers in the calculator
Questions about home buying in Newburg
What is the median home value in Newburg?
About $100,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newburg?
Homeowners pay a median $600 a year, which is about 0.60% 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 Newburg?
For the median home with 20% down at 7.11%, the payment is about $630 a month. Keeping that under 28% of gross income takes about $26,993 a year.
More about Newburg
- Mortgage Refinance in Newburg
- Debt Relief in Newburg
- Home Equity Loans in Newburg
- 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