The typical owner-occupied home in Gilby is worth about $110,400, 56% below the North Dakota median of $249,900 and 67% below the national median of $332,700. Owners pay a median $1,259 a year in property taxes, about 1.14% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $92,188 a year, so the median home costs 1.2 times the median income (3.3 times for North Dakota). 96% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Gilby at a glance
| Gilby | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $110,400 | $249,900 | $332,700 |
| Median property tax paid per year | $1,259 | $2,468 | $3,119 |
| Property tax as a share of value | 1.14% | 0.99% | 0.94% |
| Median household income | $92,188 | $76,657 | $80,734 |
| Homes lived in by their owners | 96% | 63% | 65% |
| Owner homes with a mortgage | 63% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,257 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 19.4% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1955 | 1982 | 1980 |
| Vacant homes | 11.6% | 12.3% | 10.1% |
| Population | 322 | 784,841 | 334,922,499 |
What a typical home costs per month in Gilby
At this week's average 30-year rate of 7.11%, buying the median Gilby home of $110,400 with 20% down costs about $745 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $929, 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 $31,929 for the 20%-down payment. That payment is 10% of the median Gilby household income of $92,188; at that income and 20% down, the 28% guideline points to a home of about $319,000.
| Down payment | $22,080 |
|---|---|
| Loan amount | $88,320 |
| Principal and interest | $594 |
| Property taxes (1.14% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $745 |
Change the numbers in the calculator
| Down payment | $3,864 |
|---|---|
| Loan amount | $108,400 |
| Principal and interest | $729 |
| Property taxes (1.14% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $929 |
Change the numbers in the calculator
Questions about home buying in Gilby
What is the median home value in Gilby?
About $110,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gilby?
Homeowners pay a median $1,259 a year, which is about 1.14% 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 Gilby?
For the median home with 20% down at 7.11%, the payment is about $745 a month. Keeping that under 28% of gross income takes about $31,929 a year.
More about Gilby
- Mortgage Refinance in Gilby
- Debt Relief in Gilby
- Home Equity Loans in Gilby
- 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