The typical owner-occupied home in Neche is worth about $92,500, 63% below the North Dakota median of $249,900 and 72% below the national median of $332,700. Owners pay a median $1,230 a year in property taxes, about 1.33% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $82,500 a year, so the median home costs 1.1 times the median income (3.3 times for North Dakota). 94% of occupied homes here are lived in by their owners, and 23% of those owners still have a mortgage.
Neche at a glance
| Neche | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $92,500 | $249,900 | $332,700 |
| Median property tax paid per year | $1,230 | $2,468 | $3,119 |
| Property tax as a share of value | 1.33% | 0.99% | 0.94% |
| Median household income | $82,500 | $76,657 | $80,734 |
| Homes lived in by their owners | 94% | 63% | 65% |
| Owner homes with a mortgage | 23% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,109 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.4% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1965 | 1982 | 1980 |
| Vacant homes | 14.5% | 12.3% | 10.1% |
| Population | 398 | 784,841 | 334,922,499 |
What a typical home costs per month in Neche
At this week's average 30-year rate of 7.11%, buying the median Neche home of $92,500 with 20% down costs about $639 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $793, 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 $27,380 for the 20%-down payment. That payment is 9% of the median Neche household income of $82,500; at that income and 20% down, the 28% guideline points to a home of about $279,000.
| Down payment | $18,500 |
|---|---|
| Loan amount | $74,000 |
| Principal and interest | $498 |
| Property taxes (1.33% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $639 |
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| Down payment | $3,238 |
|---|---|
| Loan amount | $90,825 |
| Principal and interest | $611 |
| Property taxes (1.33% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $793 |
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Questions about home buying in Neche
What is the median home value in Neche?
About $92,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Neche?
Homeowners pay a median $1,230 a year, which is about 1.33% 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 Neche?
For the median home with 20% down at 7.11%, the payment is about $639 a month. Keeping that under 28% of gross income takes about $27,380 a year.
More about Neche
- Mortgage Refinance in Neche
- Debt Relief in Neche
- Home Equity Loans in Neche
- 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