The typical owner-occupied home in Rocklake is worth about $67,000, 73% below the North Dakota median of $249,900 and 80% below the national median of $332,700. Owners pay a median $670 a year in property taxes, about 1.00% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $61,250 a year, so the median home costs 1.1 times the median income (3.3 times for North Dakota). 78% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Rocklake at a glance
| Rocklake | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $67,000 | $249,900 | $332,700 |
| Median property tax paid per year | $670 | $2,468 | $3,119 |
| Property tax as a share of value | 1.00% | 0.99% | 0.94% |
| Median household income | $61,250 | $76,657 | $80,734 |
| Homes lived in by their owners | 78% | 63% | 65% |
| Owner homes with a mortgage | 36% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,142 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 19.4% | 21.0% |
| Median rent | $442 | $954 | $1,413 |
| Rent as a share of renters' income | 14.1% | 25.0% | 30.6% |
| Median year homes were built | 1971 | 1982 | 1980 |
| Vacant homes | 20.0% | 12.3% | 10.1% |
| Population | 102 | 784,841 | 334,922,499 |
What a typical home costs per month in Rocklake
At this week's average 30-year rate of 7.11%, buying the median Rocklake home of $67,000 with 20% down costs about $444 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $556, 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 $19,042 for the 20%-down payment. That payment is 9% of the median Rocklake household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $216,000.
The median rent here is $442 a month, so owning the median home costs about $2 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $13,400 |
|---|---|
| Loan amount | $53,600 |
| Principal and interest | $361 |
| Property taxes (1.00% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $444 |
Change the numbers in the calculator
| Down payment | $2,345 |
|---|---|
| Loan amount | $65,786 |
| Principal and interest | $443 |
| Property taxes (1.00% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $556 |
Change the numbers in the calculator
Questions about home buying in Rocklake
What is the median home value in Rocklake?
About $67,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rocklake?
Homeowners pay a median $670 a year, which is about 1.00% 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 Rocklake?
For the median home with 20% down at 7.11%, the payment is about $444 a month. Keeping that under 28% of gross income takes about $19,042 a year.
More about Rocklake
- Mortgage Refinance in Rocklake
- Debt Relief in Rocklake
- Home Equity Loans in Rocklake
- 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