The typical owner-occupied home in Caledonia is worth about $95,000, 62% below the North Dakota median of $249,900 and 71% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.21% of their home's value, lower than the North Dakota rate of 0.99%. 100% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Caledonia at a glance
| Caledonia | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $95,000 | $249,900 | $332,700 |
| Median property tax paid per year | $199 | $2,468 | $3,119 |
| Property tax as a share of value | 0.21% | 0.99% | 0.94% |
| Median household income | – | $76,657 | $80,734 |
| Homes lived in by their owners | 100% | 63% | 65% |
| Owner homes with a mortgage | 40% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1938 | 1982 | 1980 |
| Vacant homes | 0.0% | 12.3% | 10.1% |
| Population | 74 | 784,841 | 334,922,499 |
What a typical home costs per month in Caledonia
At this week's average 30-year rate of 7.11%, buying the median Caledonia home of $95,000 with 20% down costs about $567 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $726, 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 $24,320 for the 20%-down payment.
| Down payment | $19,000 |
|---|---|
| Loan amount | $76,000 |
| Principal and interest | $511 |
| Property taxes (0.21% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $567 |
Change the numbers in the calculator
| Down payment | $3,325 |
|---|---|
| Loan amount | $93,279 |
| Principal and interest | $628 |
| Property taxes (0.21% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $726 |
Change the numbers in the calculator
Questions about home buying in Caledonia
What is the median home value in Caledonia?
About $95,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Caledonia?
Homeowners pay a median $199 a year, which is about 0.21% 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 Caledonia?
For the median home with 20% down at 7.11%, the payment is about $567 a month. Keeping that under 28% of gross income takes about $24,320 a year.
More about Caledonia
- Mortgage Refinance in Caledonia
- Debt Relief in Caledonia
- Home Equity Loans in Caledonia
- 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