The typical owner-occupied home in Plaza is worth about $163,200, 35% below the North Dakota median of $249,900 and 51% below the national median of $332,700. Owners pay a median $1,112 a year in property taxes, about 0.68% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $85,481 a year, so the median home costs 1.9 times the median income (3.3 times for North Dakota). 76% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Plaza at a glance
| Plaza | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $163,200 | $249,900 | $332,700 |
| Median property tax paid per year | $1,112 | $2,468 | $3,119 |
| Property tax as a share of value | 0.68% | 0.99% | 0.94% |
| Median household income | $85,481 | $76,657 | $80,734 |
| Homes lived in by their owners | 76% | 63% | 65% |
| Owner homes with a mortgage | 50% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,414 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 19.4% | 21.0% |
| Median rent | $1,106 | $954 | $1,413 |
| Rent as a share of renters' income | 18.7% | 25.0% | 30.6% |
| Median year homes were built | 1972 | 1982 | 1980 |
| Vacant homes | 6.0% | 12.3% | 10.1% |
| Population | 350 | 784,841 | 334,922,499 |
What a typical home costs per month in Plaza
At this week's average 30-year rate of 7.11%, buying the median Plaza home of $163,200 with 20% down costs about $1,039 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,311, 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 $44,519 for the 20%-down payment. That payment is 15% of the median Plaza household income of $85,481; at that income and 20% down, the 28% guideline points to a home of about $313,000.
The median rent here is $1,106 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $32,640 |
|---|---|
| Loan amount | $130,560 |
| Principal and interest | $878 |
| Property taxes (0.68% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,039 |
Change the numbers in the calculator
| Down payment | $5,712 |
|---|---|
| Loan amount | $160,244 |
| Principal and interest | $1,078 |
| Property taxes (0.68% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,311 |
Change the numbers in the calculator
Questions about home buying in Plaza
What is the median home value in Plaza?
About $163,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plaza?
Homeowners pay a median $1,112 a year, which is about 0.68% 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 Plaza?
For the median home with 20% down at 7.11%, the payment is about $1,039 a month. Keeping that under 28% of gross income takes about $44,519 a year.
More about Plaza
- Mortgage Refinance in Plaza
- Debt Relief in Plaza
- Home Equity Loans in Plaza
- 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