Mortgage Rates in Watford City, North Dakota — March 2026
Updated March 2026 | Based on Watford City market data and regional lending conditions
Watford City is a growing city in North Dakota with a population of 7,589. The current 30-year fixed mortgage rate in Watford City is 6.64%, which is 0.01% below the national average. With a median home price of $208,000 and a 20% down payment of $41,600, homebuyers can expect a monthly principal and interest payment of approximately $1,067.
Current Mortgage Rates in Watford City, ND
Below are the current average mortgage rates available in the Watford 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Watford City Housing Market Overview
The Watford City housing market offers relatively affordable housing compared to many major cities. The median household income in Watford City is $58,700, and the cost of living index is 92.3 (national average = 100). Based on the 28% affordability rule, the median income in Watford City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Watford City
Based on the median home price of $208,000 with 20% down ($41,600), here is what you can expect to pay monthly in Watford City:
15-Year vs. 30-Year Mortgage in Watford City
Choosing a 15-year mortgage in Watford City at 5.9% instead of a 30-year at 6.64% would save you $133,020 in total interest over the life of the loan. However, your monthly payment would be $1,395 instead of $1,067 — an increase of $328 per month.
Calculate Your Watford 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 Watford City
What are the current mortgage rates in Watford City, ND?
As of March 2026, the average 30-year fixed mortgage rate in Watford City, North Dakota is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Watford City?
Based on the median home price of $208,000 with 20% down, the estimated monthly mortgage payment in Watford City is $1,067 for principal and interest. Including property taxes of $163/month, the total monthly housing cost is approximately $1,230.
What income do I need to buy a home in Watford City?
Using the 28% rule, you would need an annual income of approximately $52,714 to afford the median-priced home in Watford City at $208,000. The median household income in Watford City is $58,700. The median income is currently sufficient to meet this threshold.
Is Watford City a good place to buy a home in 2026?
Watford City offers a below-average cost of living with a cost of living index of 92.3 (national average = 100). The property tax rate in North Dakota is 0.94%, which is near the national average. Watford City has a population of 7,589 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 Watford 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.