The typical owner-occupied home in Towner is worth about $78,400, 69% below the North Dakota median of $249,900 and 76% below the national median of $332,700. Owners pay a median $807 a year in property taxes, about 1.03% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $49,500 a year, so the median home costs 1.6 times the median income (3.3 times for North Dakota). 79% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Towner at a glance
| Towner | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $78,400 | $249,900 | $332,700 |
| Median property tax paid per year | $807 | $2,468 | $3,119 |
| Property tax as a share of value | 1.03% | 0.99% | 0.94% |
| Median household income | $49,500 | $76,657 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 36% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $929 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 19.4% | 21.0% |
| Median rent | $450 | $954 | $1,413 |
| Rent as a share of renters' income | 18.7% | 25.0% | 30.6% |
| Median year homes were built | 1964 | 1982 | 1980 |
| Vacant homes | 18.2% | 12.3% | 10.1% |
| Population | 467 | 784,841 | 334,922,499 |
What a typical home costs per month in Towner
At this week's average 30-year rate of 7.11%, buying the median Towner home of $78,400 with 20% down costs about $522 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $652, 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 $22,366 for the 20%-down payment. That payment is 13% of the median Towner household income of $49,500; at that income and 20% down, the 28% guideline points to a home of about $174,000.
The median rent here is $450 a month, so owning the median home costs about $72 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $15,680 |
|---|---|
| Loan amount | $62,720 |
| Principal and interest | $422 |
| Property taxes (1.03% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $522 |
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| Down payment | $2,744 |
|---|---|
| Loan amount | $76,980 |
| Principal and interest | $518 |
| Property taxes (1.03% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $652 |
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Questions about home buying in Towner
What is the median home value in Towner?
About $78,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Towner?
Homeowners pay a median $807 a year, which is about 1.03% 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 Towner?
For the median home with 20% down at 7.11%, the payment is about $522 a month. Keeping that under 28% of gross income takes about $22,366 a year.
More about Towner
- Mortgage Refinance in Towner
- Debt Relief in Towner
- Home Equity Loans in Towner
- 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