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Learn about the people, housing, costs and businesses in New, North Dakota

Median Home$222,400
Median Rent$888/month
Population2,686
Leading IndustriesManufacturing · Transportation · Agriculture & Mining7% manufacturing
Home Value Growth⬆⬆⬆+32.8% over 2 years
Family-Friendly34% of residentstop 1% nationally
Renters55% of occupied units
New Town
ND

Frequently Asked Questions

What are today's mortgage rates in New?

As of today, the 30-year fixed mortgage rate for New is approximately 6.987% (7.026% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New?

The median home value in New is $222k. The median monthly rent is $888. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New?

Home values in New have increased 32.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New?

Based on a typical all-in ownership cost of $786/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New is $58k/year.

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What industries drive the economy in New?

The largest employment sectors in New are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.