The typical owner-occupied home in Ramsey County is worth about $199,300, 20% below the North Dakota median of $249,900 and 40% below the national median of $332,700. Owners pay a median $1,976 a year in property taxes, about 0.99% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $61,006 a year, so the median home costs 3.3 times the median income (3.3 times for North Dakota). 55% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Ramsey County at a glance
| Ramsey County | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $199,300 | $249,900 | $332,700 |
| Median property tax paid per year | $1,976 | $2,468 | $3,119 |
| Property tax as a share of value | 0.99% | 0.99% | 0.94% |
| Median household income | $61,006 | $76,657 | $80,734 |
| Homes lived in by their owners | 55% | 63% | 65% |
| Owner homes with a mortgage | 43% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,527 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 15.9% | 19.4% | 21.0% |
| Median rent | $714 | $954 | $1,413 |
| Rent as a share of renters' income | 27.6% | 25.0% | 30.6% |
| Median year homes were built | 1976 | 1982 | 1980 |
| Vacant homes | 7.9% | 12.3% | 10.1% |
| Population | 11,556 | 784,841 | 334,922,499 |
What a typical home costs per month in Ramsey County
At this week's average 30-year rate of 7.11%, buying the median Ramsey County home of $199,300 with 20% down costs about $1,320 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,652, 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 $56,572 for the 20%-down payment. That payment is 26% of the median Ramsey County household income of $61,006; at that income and 20% down, the 28% guideline points to a home of about $215,000.
The median rent here is $714 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 | $39,860 |
|---|---|
| Loan amount | $159,440 |
| Principal and interest | $1,073 |
| Property taxes (0.99% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,320 |
Change the numbers in the calculator
| Down payment | $6,976 |
|---|---|
| Loan amount | $195,690 |
| Principal and interest | $1,316 |
| Property taxes (0.99% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,652 |
Change the numbers in the calculator
Questions about home buying in Ramsey County
What is the median home value in Ramsey County?
About $199,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ramsey County?
Homeowners pay a median $1,976 a year, which is about 0.99% 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 Ramsey County?
For the median home with 20% down at 7.11%, the payment is about $1,320 a month. Keeping that under 28% of gross income takes about $56,572 a year.
More about Ramsey County
- Mortgage Refinance in Ramsey County
- Debt Relief in Ramsey County
- Home Equity Loans in Ramsey 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