Mortgage Rates in Valley City, North Dakota — March 2026
Updated March 2026 | Based on Valley City market data and regional lending conditions
Valley City is a growing city in North Dakota with a population of 6,585. The current 30-year fixed mortgage rate in Valley City is 6.65%, which is at the national average. With a median home price of $198,000 and a 20% down payment of $39,600, homebuyers can expect a monthly principal and interest payment of approximately $1,017.
Current Mortgage Rates in Valley City, ND
Below are the current average mortgage rates available in the Valley City 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Valley City Housing Market Overview
The Valley City housing market offers relatively affordable housing compared to many major cities. The median household income in Valley City is $56,000, and the cost of living index is 89.3 (national average = 100). Based on the 28% affordability rule, the median income in Valley City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Valley City
Based on the median home price of $198,000 with 20% down ($39,600), here is what you can expect to pay monthly in Valley City:
15-Year vs. 30-Year Mortgage in Valley City
Choosing a 15-year mortgage in Valley City at 5.91% instead of a 30-year at 6.65% would save you $126,900 in total interest over the life of the loan. However, your monthly payment would be $1,329 instead of $1,017 — an increase of $312 per month.
Calculate Your Valley City 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 Valley City
What are the current mortgage rates in Valley City, ND?
As of March 2026, the average 30-year fixed mortgage rate in Valley City, North Dakota is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Valley City?
Based on the median home price of $198,000 with 20% down, the estimated monthly mortgage payment in Valley City is $1,017 for principal and interest. Including property taxes of $170/month, the total monthly housing cost is approximately $1,187.
What income do I need to buy a home in Valley City?
Using the 28% rule, you would need an annual income of approximately $50,871 to afford the median-priced home in Valley City at $198,000. The median household income in Valley City is $56,000. The median income is currently sufficient to meet this threshold.
Is Valley City a good place to buy a home in 2026?
Valley City offers a below-average cost of living with a cost of living index of 89.3 (national average = 100). The property tax rate in North Dakota is 1.03%, which is near the national average. Valley City has a population of 6,585 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 Valley City, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.