The typical owner-occupied home in Tolley is worth about $12,200, 95% below the North Dakota median of $249,900 and 96% below the national median of $332,700. Owners pay a median $225 a year in property taxes, about 1.84% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $58,750 a year, so the median home costs 0.2 times the median income (3.3 times for North Dakota). 74% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Tolley at a glance
| Tolley | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $12,200 | $249,900 | $332,700 |
| Median property tax paid per year | $225 | $2,468 | $3,119 |
| Property tax as a share of value | 1.84% | 0.99% | 0.94% |
| Median household income | $58,750 | $76,657 | $80,734 |
| Homes lived in by their owners | 74% | 63% | 65% |
| Owner homes with a mortgage | 0% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1985 | 1982 | 1980 |
| Vacant homes | 37.8% | 12.3% | 10.1% |
| Population | 35 | 784,841 | 334,922,499 |
What a typical home costs per month in Tolley
At this week's average 30-year rate of 7.11%, buying the median Tolley home of $12,200 with 20% down costs about $89 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $110, 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 $3,834 for the 20%-down payment. That payment is 2% of the median Tolley household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $187,000.
| Down payment | $2,440 |
|---|---|
| Loan amount | $9,760 |
| Principal and interest | $66 |
| Property taxes (1.84% a year) | $19 |
| Homeowners insurance (our estimate, 0.5% a year) | $5 |
| PMI | $0 |
| Total per month | $89 |
Change the numbers in the calculator
| Down payment | $427 |
|---|---|
| Loan amount | $11,979 |
| Principal and interest | $81 |
| Property taxes (1.84% a year) | $19 |
| Homeowners insurance (our estimate, 0.5% a year) | $5 |
| FHA mortgage insurance | $5 |
| Total per month | $110 |
Change the numbers in the calculator
Questions about home buying in Tolley
What is the median home value in Tolley?
About $12,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tolley?
Homeowners pay a median $225 a year, which is about 1.84% 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 Tolley?
For the median home with 20% down at 7.11%, the payment is about $89 a month. Keeping that under 28% of gross income takes about $3,834 a year.
More about Tolley
- Mortgage Refinance in Tolley
- Debt Relief in Tolley
- Home Equity Loans in Tolley
- 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