The typical owner-occupied home in Regent is worth about $57,300, 77% below the North Dakota median of $249,900 and 83% below the national median of $332,700. Owners pay a median $1,167 a year in property taxes, about 2.04% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $56,364 a year, so the median home costs 1.0 times the median income (3.3 times for North Dakota). 75% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Regent at a glance
| Regent | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $57,300 | $249,900 | $332,700 |
| Median property tax paid per year | $1,167 | $2,468 | $3,119 |
| Property tax as a share of value | 2.04% | 0.99% | 0.94% |
| Median household income | $56,364 | $76,657 | $80,734 |
| Homes lived in by their owners | 75% | 63% | 65% |
| Owner homes with a mortgage | 24% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,342 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 31.3% | 19.4% | 21.0% |
| Median rent | $789 | $954 | $1,413 |
| Rent as a share of renters' income | 28.6% | 25.0% | 30.6% |
| Median year homes were built | 1961 | 1982 | 1980 |
| Vacant homes | 25.7% | 12.3% | 10.1% |
| Population | 181 | 784,841 | 334,922,499 |
What a typical home costs per month in Regent
At this week's average 30-year rate of 7.11%, buying the median Regent home of $57,300 with 20% down costs about $430 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $525, 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 $18,414 for the 20%-down payment. That payment is 9% of the median Regent household income of $56,364; at that income and 20% down, the 28% guideline points to a home of about $175,000.
The median rent here is $789 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,460 |
|---|---|
| Loan amount | $45,840 |
| Principal and interest | $308 |
| Property taxes (2.04% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $430 |
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| Down payment | $2,006 |
|---|---|
| Loan amount | $56,262 |
| Principal and interest | $378 |
| Property taxes (2.04% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $525 |
Change the numbers in the calculator
Questions about home buying in Regent
What is the median home value in Regent?
About $57,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Regent?
Homeowners pay a median $1,167 a year, which is about 2.04% 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 Regent?
For the median home with 20% down at 7.11%, the payment is about $430 a month. Keeping that under 28% of gross income takes about $18,414 a year.
More about Regent
- Mortgage Refinance in Regent
- Debt Relief in Regent
- Home Equity Loans in Regent
- 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