Income needed to buy a home
Mercer County, ND
$82,324
a year in household income to buy the typical Mercer County home with 10% down.
The monthly math
Typical home value$245,464
Down payment (10%)$24,546
Loan$220,918
Principal and interest (7.40%)$1,530/mo
Property tax (0.86% a year)$177/mo
Homeowners insurance (estimate)$123/mo
Mortgage insurance$92/mo
Total monthly cost$1,921/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $80,946 a year, 98% of what it takes.
In North Dakota
Mercer County ranks #33 of 43 for the income a home takes, from least to most.
Easiest to afford in North Dakota
| County | Typical home | Income needed |
|---|---|---|
| Griggs County | $122,731 | $39,316 |
| Eddy County | $120,227 | $39,480 |
| Sheridan County | $122,543 | $39,838 |
| Towner County | $122,053 | $40,276 |
| Burke County | $139,675 | $44,739 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.