The typical owner-occupied home in Makoti is worth about $84,500, 66% below the North Dakota median of $249,900 and 75% below the national median of $332,700. Owners pay a median $1,625 a year in property taxes, about 1.92% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $75,750 a year, so the median home costs 1.1 times the median income (3.3 times for North Dakota). 71% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Makoti at a glance
| Makoti | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $84,500 | $249,900 | $332,700 |
| Median property tax paid per year | $1,625 | $2,468 | $3,119 |
| Property tax as a share of value | 1.92% | 0.99% | 0.94% |
| Median household income | $75,750 | $76,657 | $80,734 |
| Homes lived in by their owners | 71% | 63% | 65% |
| Owner homes with a mortgage | 24% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | $525 | $954 | $1,413 |
| Rent as a share of renters' income | 12.7% | 25.0% | 30.6% |
| Median year homes were built | 1971 | 1982 | 1980 |
| Vacant homes | 31.7% | 12.3% | 10.1% |
| Population | 84 | 784,841 | 334,922,499 |
What a typical home costs per month in Makoti
At this week's average 30-year rate of 7.11%, buying the median Makoti home of $84,500 with 20% down costs about $625 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $766, 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 $26,793 for the 20%-down payment. That payment is 10% of the median Makoti household income of $75,750; at that income and 20% down, the 28% guideline points to a home of about $239,000.
The median rent here is $525 a month, so owning the median home costs about $100 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $16,900 |
|---|---|
| Loan amount | $67,600 |
| Principal and interest | $455 |
| Property taxes (1.92% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $625 |
Change the numbers in the calculator
| Down payment | $2,958 |
|---|---|
| Loan amount | $82,969 |
| Principal and interest | $558 |
| Property taxes (1.92% a year) | $135 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $766 |
Change the numbers in the calculator
Questions about home buying in Makoti
What is the median home value in Makoti?
About $84,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Makoti?
Homeowners pay a median $1,625 a year, which is about 1.92% 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 Makoti?
For the median home with 20% down at 7.11%, the payment is about $625 a month. Keeping that under 28% of gross income takes about $26,793 a year.
More about Makoti
- Mortgage Refinance in Makoti
- Debt Relief in Makoti
- Home Equity Loans in Makoti
- 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