The typical owner-occupied home in Cogswell is worth about $47,800, 81% below the North Dakota median of $249,900 and 86% below the national median of $332,700. Owners pay a median $725 a year in property taxes, about 1.52% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $60,313 a year, so the median home costs 0.8 times the median income (3.3 times for North Dakota). 72% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Cogswell at a glance
| Cogswell | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $47,800 | $249,900 | $332,700 |
| Median property tax paid per year | $725 | $2,468 | $3,119 |
| Property tax as a share of value | 1.52% | 0.99% | 0.94% |
| Median household income | $60,313 | $76,657 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 16% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | $521 | $954 | $1,413 |
| Rent as a share of renters' income | 21.0% | 25.0% | 30.6% |
| Median year homes were built | 1968 | 1982 | 1980 |
| Vacant homes | 18.9% | 12.3% | 10.1% |
| Population | 110 | 784,841 | 334,922,499 |
What a typical home costs per month in Cogswell
At this week's average 30-year rate of 7.11%, buying the median Cogswell home of $47,800 with 20% down costs about $338 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $417, 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 $14,473 for the 20%-down payment. That payment is 7% of the median Cogswell household income of $60,313; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $521 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,560 |
|---|---|
| Loan amount | $38,240 |
| Principal and interest | $257 |
| Property taxes (1.52% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| PMI | $0 |
| Total per month | $338 |
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| Down payment | $1,673 |
|---|---|
| Loan amount | $46,934 |
| Principal and interest | $316 |
| Property taxes (1.52% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| FHA mortgage insurance | $21 |
| Total per month | $417 |
Change the numbers in the calculator
Questions about home buying in Cogswell
What is the median home value in Cogswell?
About $47,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cogswell?
Homeowners pay a median $725 a year, which is about 1.52% 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 Cogswell?
For the median home with 20% down at 7.11%, the payment is about $338 a month. Keeping that under 28% of gross income takes about $14,473 a year.
More about Cogswell
- Mortgage Refinance in Cogswell
- Debt Relief in Cogswell
- Home Equity Loans in Cogswell
- 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