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Mortgage Calculator &
Closing Costs: Valley City, ND

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Valley City, North Dakota.

Median Home Price
$165K
Population
7K
Avg Monthly Rent
$700
Property Tax Rate
0.98%
Valley City vs North Dakota Median
The median home price in Valley City is $165,000, which is 35% below the North Dakota state median of $255,000.

Mortgage Calculator — Valley City, ND

Pre-filled with Valley City median home price and North Dakota tax/insurance rates. Adjust for your property.

$
$33,000
%
%
years
ND avg
%
$
Monthly Payment (PITI)
$1,144
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$834
per month
Taxes & Insurance
$310
per month
Total Interest Paid
$168K
over 30 years
Total Loan Cost
$300K
all payments
Payment Breakdown
Loan Amount$132,000
Principal & Interest$834
Property Taxes$135
Homeowners Insurance$175
Total Monthly PITI$1,144

Closing Costs — Valley City, ND

Estimated closing costs based on North Dakota rates and fees applied to Valley City prices.

$
%
North Dakota: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$7,543
4.6% of purchase price
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Lender Fees
$1,613
origination, underwriting
Third-Party
$2,275
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,655
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,188
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,125
Recording Fee$150
Prepaid Taxes (3 mo)$404
Prepaid Insurance (12 mo)$2,100
Prepaid Interest (15 days)$397
Escrow Reserves$754
Total Closing Costs$7,543

Buying a Home in Valley City, North Dakota

The median home price in Valley City is $165,000, 35% below the North Dakota state median of $255,000. With a population of 6,585, Valley City is a smaller market where home prices tend to be more accessible than in many parts of North Dakota.

Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $165,000 home in Valley City would carry roughly $135/month in property taxes. Homeowners insurance in North Dakota runs approximately $2,100 per year. This is within the normal range nationally.

Average rent in Valley City is $700/month. The price-to-rent ratio in Valley City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Valley City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Dakota's NDHFA FirstHome program.

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