Total monthly cost of ownership
Cost to Own a Home in Adrian, Minnesota
A $172,000 home here costs
$1,487per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $884. The real number is $603 higher every month — 68% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Adrian against Nobles County and Minnesota
| Measure | Adrian | Nobles County |
|---|---|---|
| Median home value | $172,000 | $179,200 |
| Median property tax | $1,972 | $1,674 |
| Effective tax rate | 1.147% | 0.934% |
| Median gross rent | $729 | $863 |
| Population | 1,288 | 22,067 |
The weather behind that power bill
Adrian sits in Nobles County, which averages a high of 82.0°F in its hottest month and a low of 5.3°F in its coldest, with 30.52" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 588 cooling and 8,066 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Nobles County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nobles County
Full Nobles County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Adrian?
A $172,000 home in Adrian, Minnesota costs approximately $1,487 per month with 20% down at 6.66%. That is $884 principal and interest, $164 property tax, $75 homeowners insurance, $220 utilities and $143 set aside for maintenance.
What is the property tax rate in Adrian?
Adrian has an effective property tax rate of 1.147%, based on a median home value of $172,000 and median real estate taxes of $1,972. That is higher than the Nobles County average of 0.934%.
What is the average home price in Adrian?
The median owner-occupied home value in Adrian, Minnesota is $172,000, against $179,200 across Nobles County.
Is it cheaper to rent or buy in Adrian?
Median gross rent in Adrian is $729 a month, against $1,487 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Adrian — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.