The typical owner-occupied home in Surrey is worth about $315,800, 26% above the North Dakota median of $249,900 and 5% below the national median of $332,700. Owners pay a median $3,071 a year in property taxes, about 0.97% of their home's value, close to the North Dakota rate of 0.99%. The median household earns $106,438 a year, so the median home costs 3.0 times the median income (3.3 times for North Dakota). 94% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Surrey at a glance
| Surrey | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $315,800 | $249,900 | $332,700 |
| Median property tax paid per year | $3,071 | $2,468 | $3,119 |
| Property tax as a share of value | 0.97% | 0.99% | 0.94% |
| Median household income | $106,438 | $76,657 | $80,734 |
| Homes lived in by their owners | 94% | 63% | 65% |
| Owner homes with a mortgage | 73% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,958 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 23.4% | 19.4% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Rent as a share of renters' income | 9.0% | 25.0% | 30.6% |
| Median year homes were built | 1995 | 1982 | 1980 |
| Vacant homes | 3.7% | 12.3% | 10.1% |
| Population | 1,721 | 784,841 | 334,922,499 |
What a typical home costs per month in Surrey
At this week's average 30-year rate of 7.11%, buying the median Surrey home of $315,800 with 20% down costs about $2,086 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,612, 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 $89,417 for the 20%-down payment. That payment is 24% of the median Surrey household income of $106,438; at that income and 20% down, the 28% guideline points to a home of about $376,000.
| Down payment | $63,160 |
|---|---|
| Loan amount | $252,640 |
| Principal and interest | $1,700 |
| Property taxes (0.97% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $2,086 |
Change the numbers in the calculator
| Down payment | $11,053 |
|---|---|
| Loan amount | $310,080 |
| Principal and interest | $2,086 |
| Property taxes (0.97% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,612 |
Change the numbers in the calculator
Questions about home buying in Surrey
What is the median home value in Surrey?
About $315,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Surrey?
Homeowners pay a median $3,071 a year, which is about 0.97% 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 Surrey?
For the median home with 20% down at 7.11%, the payment is about $2,086 a month. Keeping that under 28% of gross income takes about $89,417 a year.
More about Surrey
- Mortgage Refinance in Surrey
- Debt Relief in Surrey
- Home Equity Loans in Surrey
- 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