Mortgage Rates in Ellendale, North Dakota — March 2026
Updated March 2026 | Based on Ellendale market data and regional lending conditions
Ellendale is a growing city in North Dakota with a population of 1,394. The current 30-year fixed mortgage rate in Ellendale is 6.89%, which is 0.24% above the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $1,026.
Current Mortgage Rates in Ellendale, ND
Below are the current average mortgage rates available in the Ellendale 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Ellendale Housing Market Overview
The Ellendale housing market offers relatively affordable housing compared to many major cities. The median household income in Ellendale is $58,200, and the cost of living index is 85 (national average = 100). Based on the 28% affordability rule, the median income in Ellendale is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Ellendale
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Ellendale:
15-Year vs. 30-Year Mortgage in Ellendale
Choosing a 15-year mortgage in Ellendale at 6.1% instead of a 30-year at 6.89% would save you $130,860 in total interest over the life of the loan. However, your monthly payment would be $1,325 instead of $1,026 — an increase of $299 per month.
Calculate Your Ellendale 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 Ellendale
What are the current mortgage rates in Ellendale, ND?
As of March 2026, the average 30-year fixed mortgage rate in Ellendale, North Dakota is 6.89%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Ellendale?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Ellendale is $1,026 for principal and interest. Including property taxes of $153/month, the total monthly housing cost is approximately $1,179.
What income do I need to buy a home in Ellendale?
Using the 28% rule, you would need an annual income of approximately $50,529 to afford the median-priced home in Ellendale at $195,000. The median household income in Ellendale is $58,200. The median income is currently sufficient to meet this threshold.
Is Ellendale a good place to buy a home in 2026?
Ellendale offers a below-average cost of living with a cost of living index of 85 (national average = 100). The property tax rate in North Dakota is 0.94%, which is near the national average. Ellendale has a population of 1,394 and offers a very affordable lifestyle.
Mortgage Rates in Other North Dakota Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ellendale, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.