Mortgage Rates in Mandan, North Dakota — March 2026
Updated March 2026 | Based on Mandan market data and regional lending conditions
Mandan is a growing city in North Dakota with a population of 22,752. The current 30-year fixed mortgage rate in Mandan is 6.63%, which is 0.02% below the national average. With a median home price of $210,000 and a 20% down payment of $42,000, homebuyers can expect a monthly principal and interest payment of approximately $1,076.
Current Mortgage Rates in Mandan, ND
Below are the current average mortgage rates available in the Mandan 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Mandan Housing Market Overview
The Mandan housing market offers relatively affordable housing compared to many major cities. The median household income in Mandan is $58,200, and the cost of living index is 85.6 (national average = 100). Based on the 28% affordability rule, the median income in Mandan is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Mandan
Based on the median home price of $210,000 with 20% down ($42,000), here is what you can expect to pay monthly in Mandan:
15-Year vs. 30-Year Mortgage in Mandan
Choosing a 15-year mortgage in Mandan at 5.9% instead of a 30-year at 6.63% would save you $133,740 in total interest over the life of the loan. However, your monthly payment would be $1,409 instead of $1,076 — an increase of $333 per month.
Calculate Your Mandan 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 Mandan
What are the current mortgage rates in Mandan, ND?
As of March 2026, the average 30-year fixed mortgage rate in Mandan, North Dakota is 6.63%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Mandan?
Based on the median home price of $210,000 with 20% down, the estimated monthly mortgage payment in Mandan is $1,076 for principal and interest. Including property taxes of $170/month, the total monthly housing cost is approximately $1,246.
What income do I need to buy a home in Mandan?
Using the 28% rule, you would need an annual income of approximately $53,400 to afford the median-priced home in Mandan at $210,000. The median household income in Mandan is $58,200. The median income is currently sufficient to meet this threshold.
Is Mandan a good place to buy a home in 2026?
Mandan offers a below-average cost of living with a cost of living index of 85.6 (national average = 100). The property tax rate in North Dakota is 0.97%, which is near the national average. Mandan has a population of 22,752 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 Mandan, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.