The typical owner-occupied home in Ransom County is worth about $193,000, 23% below the North Dakota median of $249,900 and 42% below the national median of $332,700. Owners pay a median $1,959 a year in property taxes, about 1.02% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $75,736 a year, so the median home costs 2.5 times the median income (3.3 times for North Dakota). 75% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Ransom County at a glance
| Ransom County | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $193,000 | $249,900 | $332,700 |
| Median property tax paid per year | $1,959 | $2,468 | $3,119 |
| Property tax as a share of value | 1.02% | 0.99% | 0.94% |
| Median household income | $75,736 | $76,657 | $80,734 |
| Homes lived in by their owners | 75% | 63% | 65% |
| Owner homes with a mortgage | 45% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,505 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 19.4% | 21.0% |
| Median rent | $691 | $954 | $1,413 |
| Rent as a share of renters' income | 22.4% | 25.0% | 30.6% |
| Median year homes were built | 1969 | 1982 | 1980 |
| Vacant homes | 8.2% | 12.3% | 10.1% |
| Population | 5,643 | 784,841 | 334,922,499 |
What a typical home costs per month in Ransom County
At this week's average 30-year rate of 7.11%, buying the median Ransom County home of $193,000 with 20% down costs about $1,283 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,605, 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 $54,991 for the 20%-down payment. That payment is 20% of the median Ransom County household income of $75,736; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $691 a month, so owning the median home costs about $592 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,600 |
|---|---|
| Loan amount | $154,400 |
| Principal and interest | $1,039 |
| Property taxes (1.02% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,283 |
Change the numbers in the calculator
| Down payment | $6,755 |
|---|---|
| Loan amount | $189,504 |
| Principal and interest | $1,275 |
| Property taxes (1.02% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,605 |
Change the numbers in the calculator
Questions about home buying in Ransom County
What is the median home value in Ransom County?
About $193,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ransom County?
Homeowners pay a median $1,959 a year, which is about 1.02% 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 Ransom County?
For the median home with 20% down at 7.11%, the payment is about $1,283 a month. Keeping that under 28% of gross income takes about $54,991 a year.
More about Ransom County
- Mortgage Refinance in Ransom County
- Debt Relief in Ransom County
- Home Equity Loans in Ransom 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