Mortgage Rates in Devils Lake, North Dakota — March 2026
Updated March 2026 | Based on Devils Lake market data and regional lending conditions
Devils Lake is a growing city in North Dakota with a population of 7,340. The current 30-year fixed mortgage rate in Devils Lake is 6.73%, which is 0.08% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $802.
Current Mortgage Rates in Devils Lake, ND
Below are the current average mortgage rates available in the Devils Lake area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Devils Lake Housing Market Overview
The Devils Lake housing market offers relatively affordable housing compared to many major cities. The median household income in Devils Lake is $38,000, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $39,686 to comfortably afford the median-priced home in Devils Lake, which exceeds the current median household income.
Monthly Payment Breakdown for Devils Lake
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Devils Lake:
15-Year vs. 30-Year Mortgage in Devils Lake
Choosing a 15-year mortgage in Devils Lake at 5.97% instead of a 30-year at 6.73% would save you $100,800 in total interest over the life of the loan. However, your monthly payment would be $1,044 instead of $802 — an increase of $242 per month.
Calculate Your Devils Lake Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Devils Lake
What are the current mortgage rates in Devils Lake, ND?
As of March 2026, the average 30-year fixed mortgage rate in Devils Lake, North Dakota is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Devils Lake?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Devils Lake is $802 for principal and interest. Including property taxes of $124/month, the total monthly housing cost is approximately $926.
What income do I need to buy a home in Devils Lake?
Using the 28% rule, you would need an annual income of approximately $39,686 to afford the median-priced home in Devils Lake at $155,000. The median household income in Devils Lake is $38,000. This means most households would need to either earn above the median or consider homes below $155,000.
Is Devils Lake a good place to buy a home in 2026?
Devils Lake offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in North Dakota is 0.96%, which is near the national average. Devils Lake has a population of 7,340 and offers a very affordable lifestyle.
Mortgage Rates in Other North Dakota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Devils Lake, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.