Mortgage Rates in Parshall, North Dakota — April 2026
Updated April 2026 | Based on Parshall market data and regional lending conditions
Parshall is a smaller North Dakota community of 22,261 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.7% (0.05% above the national average). At a median home price of $175,000, the estimated $1,008/month payment (with 20% down) is affordable on the local median income of $83,500.
Current Mortgage Rates in Parshall, ND
Below are the current average mortgage rates available in the Parshall area as of April 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Parshall Housing Market Overview
At $175,000, Parshall offers more affordable housing than most U.S. metros. The local cost of living index is 97.3 (100 = national average), and the median household income of $83,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Parshall
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Parshall:
15-Year vs. 30-Year Mortgage in Parshall
Choosing a 15-year mortgage in Parshall at 5.95% instead of a 30-year at 6.7% would save you $113,040 in total interest over the life of the loan. However, your monthly payment would be $1,178 instead of $903 — an increase of $275 per month.
Calculate Your Parshall 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 Parshall
What are the current mortgage rates in Parshall, ND?
As of April 2026, the average 30-year fixed mortgage rate in Parshall, North Dakota is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Parshall?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Parshall is $903 for principal and interest. Including property taxes of $105/month, the total monthly housing cost is approximately $1,008.
What income do I need to buy a home in Parshall?
Using the 28% rule, you would need an annual income of approximately $43,200 to afford the median-priced home in Parshall at $175,000. The median household income in Parshall is $83,500. The median income is currently sufficient to meet this threshold.
Is Parshall a good place to buy a home in 2026?
Parshall offers a below-average cost of living with a cost of living index of 97.3 (national average = 100). The property tax rate in North Dakota is 0.72%, which is below the national average. Parshall has a population of 22,261 and offers a balanced lifestyle.
Mortgage Rates in Other North Dakota Cities
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Last updated: April 2026. Rates are approximate averages based on regional lending data for the Parshall, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.