Mortgage Rates in Rugby, North Dakota — March 2026
Updated March 2026 | Based on Rugby market data and regional lending conditions
Rugby is a growing city in North Dakota with a population of 2,686. The current 30-year fixed mortgage rate in Rugby is 6.61%, which is 0.04% below the national average. With a median home price of $177,000 and a 20% down payment of $35,400, homebuyers can expect a monthly principal and interest payment of approximately $905.
Current Mortgage Rates in Rugby, ND
Below are the current average mortgage rates available in the Rugby 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Rugby Housing Market Overview
The Rugby housing market offers relatively affordable housing compared to many major cities. The median household income in Rugby is $54,900, and the cost of living index is 86.4 (national average = 100). Based on the 28% affordability rule, the median income in Rugby is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Rugby
Based on the median home price of $177,000 with 20% down ($35,400), here is what you can expect to pay monthly in Rugby:
15-Year vs. 30-Year Mortgage in Rugby
Choosing a 15-year mortgage in Rugby at 5.87% instead of a 30-year at 6.61% would save you $112,500 in total interest over the life of the loan. However, your monthly payment would be $1,185 instead of $905 — an increase of $280 per month.
Calculate Your Rugby 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 Rugby
What are the current mortgage rates in Rugby, ND?
As of March 2026, the average 30-year fixed mortgage rate in Rugby, North Dakota is 6.61%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Rugby?
Based on the median home price of $177,000 with 20% down, the estimated monthly mortgage payment in Rugby is $905 for principal and interest. Including property taxes of $140/month, the total monthly housing cost is approximately $1,045.
What income do I need to buy a home in Rugby?
Using the 28% rule, you would need an annual income of approximately $44,786 to afford the median-priced home in Rugby at $177,000. The median household income in Rugby is $54,900. The median income is currently sufficient to meet this threshold.
Is Rugby a good place to buy a home in 2026?
Rugby offers a below-average cost of living with a cost of living index of 86.4 (national average = 100). The property tax rate in North Dakota is 0.95%, which is near the national average. Rugby has a population of 2,686 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 Rugby, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.