The typical owner-occupied home in Fredonia is worth about $57,100, 77% below the North Dakota median of $249,900 and 83% below the national median of $332,700. The median household earns $66,667 a year, so the median home costs 0.9 times the median income (3.3 times for North Dakota). 100% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Fredonia at a glance
| Fredonia | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $57,100 | $249,900 | $332,700 |
| Median property tax paid per year | – | $2,468 | $3,119 |
| Median household income | $66,667 | $76,657 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 18% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $850 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.4% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1952 | 1982 | 1980 |
| Vacant homes | 31.2% | 12.3% | 10.1% |
| Population | 46 | 784,841 | 334,922,499 |
What a typical home costs per month in Fredonia
At this week's average 30-year rate of 7.11%, buying the median Fredonia home of $57,100 with 20% down costs about $383 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $479, 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 $16,432 for the 20%-down payment. That payment is 7% of the median Fredonia household income of $66,667; at that income and 20% down, the 28% guideline points to a home of about $232,000.
| Down payment | $11,420 |
|---|---|
| Loan amount | $45,680 |
| Principal and interest | $307 |
| Property taxes (1.10% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $383 |
Change the numbers in the calculator
| Down payment | $1,998 |
|---|---|
| Loan amount | $56,066 |
| Principal and interest | $377 |
| Property taxes (1.10% a year) | $52 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $479 |
Change the numbers in the calculator
Questions about home buying in Fredonia
What is the median home value in Fredonia?
About $57,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Fredonia?
For the median home with 20% down at 7.11%, the payment is about $383 a month. Keeping that under 28% of gross income takes about $16,432 a year.
More about Fredonia
- Mortgage Refinance in Fredonia
- Debt Relief in Fredonia
- Home Equity Loans in Fredonia
- 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