Total monthly cost of ownership
Cost to Own a Home in Appleton, Minnesota
A $71,000 home here costs
$757per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $365. The real number is $392 higher every month — 107% 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.
Appleton against Swift County and Minnesota
| Measure | Appleton | Swift County |
|---|---|---|
| Median home value | $71,300 | $147,100 |
| Median property tax | $983 | $1,258 |
| Effective tax rate | 1.379% | 0.855% |
| Median gross rent | $682 | $900 |
| Population | 1,360 | 9,787 |
The weather behind that power bill
Appleton sits in Swift County, which averages a high of 83.3°F in its hottest month and a low of 0.8°F in its coldest, with 28.11" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 643 cooling and 8,378 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Swift County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Swift County
Full Swift County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Appleton?
A $71,000 home in Appleton, Minnesota costs approximately $757 per month with 20% down at 6.66%. That is $365 principal and interest, $82 property tax, $31 homeowners insurance, $220 utilities and $59 set aside for maintenance.
What is the property tax rate in Appleton?
Appleton has an effective property tax rate of 1.379%, based on a median home value of $71,300 and median real estate taxes of $983. That is higher than the Swift County average of 0.855%.
What is the average home price in Appleton?
The median owner-occupied home value in Appleton, Minnesota is $71,300, against $147,100 across Swift County.
Is it cheaper to rent or buy in Appleton?
Median gross rent in Appleton is $682 a month, against $757 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 Appleton — 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.