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– (NewsDakota.com) Homeowners’ insurance is one of the most vital parts of home ownership. A housing affordability study by SmartAsset ranks the cities with the most affordable homeowners’ insurance and Valley City ranked among the top. The ranking was completed by applying a city’s average insurance rate to its median home value.

Check out the table below to see where Valley City ranked:

Numbers below match the categories left to right starting with the Avg. Closing Costs,   Annual Property Tax,  Annual Homeowner’s Insurance,  Avg. Annual Mortgage Payment   Median Income and Homeowner’s Insurance Index listed below.
1    Valley City, ND    $1,750    $1,327    $458    $4,180    $43,533    96.62
2    Devils Lake, ND    $1,750    $1,287    $461    $4,200    $38,182    96.60
3    Jamestown, ND    $1,750    $1,540    $531    $4,833    $45,679    95.86
4    Wahpeton, ND    $1,784    $1,565    $548    $4,979    $44,659    95.68
5    Williston, ND    $2,152    $1,523    $687    $6,246    $69,559    94.21
6    Mandan, ND    $2,223    $2,218    $714    $6,468    $56,813    93.93
7    Minot, ND    $2,280    $1,873    $736    $6,716    $49,018    93.70
8    West Fargo, ND    $2,441    $2,703    $797    $7,243    $64,150    93.06
9    Grand Forks, ND    $2,482    $2,676    $812    $7,443    $42,411    92.89
10    Dickinson, ND    $2,498    $1,915    $819    $7,484    $58,622    92.83

To see SmartAsset’s comprehensive study and full methodology on the most affordable housing markets in the US, you can visit the website: https://smartasset.com/mortgage/how-much-house-can-i-afford#us/affordability