Total monthly cost of ownership
Cost to Own a Home in Alexandria, Minnesota
A $247,000 home here costs
$2,007per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,270. The real number is $737 higher every month — 58% 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.
Alexandria against Douglas County and Minnesota
| Measure | Alexandria | Douglas County |
|---|---|---|
| Median home value | $247,200 | $291,700 |
| Median property tax | $2,447 | $2,516 |
| Effective tax rate | 0.990% | 0.863% |
| Median gross rent | $907 | $896 |
| Population | 14,579 | 39,354 |
The weather behind that power bill
Alexandria sits in Douglas County, which averages a high of 80.2°F in its hottest month and a low of 2.3°F in its coldest, with 24.09" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 495 cooling and 8,653 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Douglas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Full Douglas County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Alexandria?
A $247,000 home in Alexandria, Minnesota costs approximately $2,007 per month with 20% down at 6.66%. That is $1,270 principal and interest, $204 property tax, $107 homeowners insurance, $220 utilities and $206 set aside for maintenance.
What is the property tax rate in Alexandria?
Alexandria has an effective property tax rate of 0.990%, based on a median home value of $247,200 and median real estate taxes of $2,447. That is higher than the Douglas County average of 0.863%.
What is the average home price in Alexandria?
The median owner-occupied home value in Alexandria, Minnesota is $247,200, against $291,700 across Douglas County.
Is it cheaper to rent or buy in Alexandria?
Median gross rent in Alexandria is $907 a month, against $2,007 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 Alexandria — 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.