Total monthly cost of ownership
Cost to Own a Home in Afton, Minnesota
A $655,000 home here costs
$4,917per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,367. The real number is $1,550 higher every month — 46% 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.
Afton against Washington County and Minnesota
| Measure | Afton | Washington County |
|---|---|---|
| Median home value | $655,400 | $400,900 |
| Median property tax | $5,996 | $4,012 |
| Effective tax rate | 0.915% | 1.001% |
| Median gross rent | — | $1,637 |
| Population | 2,944 | 272,298 |
The weather behind that power bill
Afton sits in Washington County, which averages a high of 79.3°F in its hottest month and a low of 5.0°F in its coldest, with 33.2" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 511 cooling and 8,007 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Afton?
A $655,000 home in Afton, Minnesota costs approximately $4,917 per month with 20% down at 6.66%. That is $3,367 principal and interest, $499 property tax, $284 homeowners insurance, $220 utilities and $546 set aside for maintenance.
What is the property tax rate in Afton?
Afton has an effective property tax rate of 0.915%, based on a median home value of $655,400 and median real estate taxes of $5,996. That is lower than the Washington County average of 1.001%.
What is the average home price in Afton?
The median owner-occupied home value in Afton, Minnesota is $655,400, against $400,900 across Washington County.
Is it cheaper to rent or buy in Afton?
Rent data is not published for Afton at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Afton — 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.