Mortgage Rates in New Town, North Dakota — March 2026
Updated March 2026 | Based on New Town market data and regional lending conditions
New Town is a growing city in North Dakota with a population of 2,756. The current 30-year fixed mortgage rate in New Town is 6.78%, which is 0.13% above the national average. With a median home price of $167,000 and a 20% down payment of $33,400, homebuyers can expect a monthly principal and interest payment of approximately $869.
Current Mortgage Rates in New Town, ND
Below are the current average mortgage rates available in the New Town 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
New Town Housing Market Overview
The New Town housing market offers relatively affordable housing compared to many major cities. The median household income in New Town is $54,300, and the cost of living index is 82.4 (national average = 100). Based on the 28% affordability rule, the median income in New Town is sufficient to afford the median-priced home.
Monthly Payment Breakdown for New Town
Based on the median home price of $167,000 with 20% down ($33,400), here is what you can expect to pay monthly in New Town:
15-Year vs. 30-Year Mortgage in New Town
Choosing a 15-year mortgage in New Town at 6.01% instead of a 30-year at 6.78% would save you $109,800 in total interest over the life of the loan. However, your monthly payment would be $1,128 instead of $869 — an increase of $259 per month.
Calculate Your New Town 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 New Town
What are the current mortgage rates in New Town, ND?
As of March 2026, the average 30-year fixed mortgage rate in New Town, North Dakota is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in New Town?
Based on the median home price of $167,000 with 20% down, the estimated monthly mortgage payment in New Town is $869 for principal and interest. Including property taxes of $135/month, the total monthly housing cost is approximately $1,004.
What income do I need to buy a home in New Town?
Using the 28% rule, you would need an annual income of approximately $43,029 to afford the median-priced home in New Town at $167,000. The median household income in New Town is $54,300. The median income is currently sufficient to meet this threshold.
Is New Town a good place to buy a home in 2026?
New Town offers a below-average cost of living with a cost of living index of 82.4 (national average = 100). The property tax rate in North Dakota is 0.97%, which is near the national average. New Town has a population of 2,756 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 New Town, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.