The typical owner-occupied home in Lignite is worth about $93,000, 63% below the North Dakota median of $249,900 and 72% below the national median of $332,700. Owners pay a median $671 a year in property taxes, about 0.72% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $77,083 a year, so the median home costs 1.2 times the median income (3.3 times for North Dakota). 82% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Lignite at a glance
| Lignite | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $93,000 | $249,900 | $332,700 |
| Median property tax paid per year | $671 | $2,468 | $3,119 |
| Property tax as a share of value | 0.72% | 0.99% | 0.94% |
| Median household income | $77,083 | $76,657 | $80,734 |
| Homes lived in by their owners | 82% | 63% | 65% |
| Owner homes with a mortgage | 36% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 10.7% | 19.4% | 21.0% |
| Median rent | $581 | $954 | $1,413 |
| Rent as a share of renters' income | 17.5% | 25.0% | 30.6% |
| Median year homes were built | 1974 | 1982 | 1980 |
| Vacant homes | 23.8% | 12.3% | 10.1% |
| Population | 167 | 784,841 | 334,922,499 |
What a typical home costs per month in Lignite
At this week's average 30-year rate of 7.11%, buying the median Lignite home of $93,000 with 20% down costs about $595 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $750, 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 $25,502 for the 20%-down payment. That payment is 9% of the median Lignite household income of $77,083; at that income and 20% down, the 28% guideline points to a home of about $281,000.
The median rent here is $581 a month, so owning the median home costs about $14 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,600 |
|---|---|
| Loan amount | $74,400 |
| Principal and interest | $500 |
| Property taxes (0.72% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $595 |
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| Down payment | $3,255 |
|---|---|
| Loan amount | $91,316 |
| Principal and interest | $614 |
| Property taxes (0.72% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $750 |
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Questions about home buying in Lignite
What is the median home value in Lignite?
About $93,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lignite?
Homeowners pay a median $671 a year, which is about 0.72% 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 Lignite?
For the median home with 20% down at 7.11%, the payment is about $595 a month. Keeping that under 28% of gross income takes about $25,502 a year.
More about Lignite
- Mortgage Refinance in Lignite
- Debt Relief in Lignite
- Home Equity Loans in Lignite
- 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