The typical owner-occupied home in Oliver County is worth about $215,700, 14% below the North Dakota median of $249,900 and 35% below the national median of $332,700. Owners pay a median $1,343 a year in property taxes, about 0.62% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $77,240 a year, so the median home costs 2.8 times the median income (3.3 times for North Dakota). 95% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Oliver County at a glance
| Oliver County | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $215,700 | $249,900 | $332,700 |
| Median property tax paid per year | $1,343 | $2,468 | $3,119 |
| Property tax as a share of value | 0.62% | 0.99% | 0.94% |
| Median household income | $77,240 | $76,657 | $80,734 |
| Homes lived in by their owners | 95% | 63% | 65% |
| Owner homes with a mortgage | 38% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,768 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 19.4% | 21.0% |
| Median rent | $756 | $954 | $1,413 |
| Rent as a share of renters' income | 11.5% | 25.0% | 30.6% |
| Median year homes were built | 1976 | 1982 | 1980 |
| Vacant homes | 18.8% | 12.3% | 10.1% |
| Population | 1,839 | 784,841 | 334,922,499 |
What a typical home costs per month in Oliver County
At this week's average 30-year rate of 7.11%, buying the median Oliver County home of $215,700 with 20% down costs about $1,362 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,721, 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 $58,377 for the 20%-down payment. That payment is 21% of the median Oliver County household income of $77,240; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $756 a month, so owning the median home costs about $606 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,140 |
|---|---|
| Loan amount | $172,560 |
| Principal and interest | $1,161 |
| Property taxes (0.62% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,362 |
Change the numbers in the calculator
| Down payment | $7,550 |
|---|---|
| Loan amount | $211,793 |
| Principal and interest | $1,425 |
| Property taxes (0.62% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $95 |
| Total per month | $1,721 |
Change the numbers in the calculator
Questions about home buying in Oliver County
What is the median home value in Oliver County?
About $215,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oliver County?
Homeowners pay a median $1,343 a year, which is about 0.62% 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 Oliver County?
For the median home with 20% down at 7.11%, the payment is about $1,362 a month. Keeping that under 28% of gross income takes about $58,377 a year.
More about Oliver County
- Mortgage Refinance in Oliver County
- Debt Relief in Oliver County
- Home Equity Loans in Oliver County
- 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