Total monthly cost of ownership
Cost to Own a Home in Bagley, Minnesota
A $135,000 home here costs
$1,214per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $52,000 a year.
A standard mortgage calculator would have told you $736. The real number is $478 higher every month, 65% more than the payment most buyers budget for.
Compare Clearwater County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bagley from a five-year rolling sample, and with about 1,218 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Clearwater County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bagley against Clearwater County and Minnesota
| Measure | Bagley | Clearwater County |
|---|---|---|
| Median home value | $135,100 | $177,100 |
| Median property tax | $1,394 | $1,297 |
| Effective tax rate | 1.032% | 0.732% |
| Median gross rent | $717 | $740 |
| Population | 1,218 | 8,579 |
The weather behind that power bill
Bagley sits in Clearwater County, which averages a high of 78.2°F in its hottest month and a low of -5.2°F in its coldest, with 26.55" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 287 cooling and 9,778 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Clearwater County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clearwater County
No other places of this size are published in Clearwater County.
Full Clearwater County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Bagley averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bagley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bagley I already own here and may sell
Common questions
How much does it cost to own a home in Bagley?
A $135,000 home in Bagley, Minnesota costs approximately $1,214 per month with 20% down at 7.24%. That is $736 principal and interest, $116 property tax, $59 homeowners insurance, $190 utilities and $113 set aside for maintenance.
What is the property tax rate in Bagley?
Bagley has an effective property tax rate of 1.032%, based on a median home value of $135,100 and median real estate taxes of $1,394. That is higher than the Clearwater County average of 0.732%.
What is the average home price in Bagley?
The median owner-occupied home value in Bagley, Minnesota is $135,100, against $177,100 across Clearwater County.
Is it cheaper to rent or buy in Bagley?
Median gross rent in Bagley is $717 a month, against $1,214 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bagley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bagley, Minnesota at today's rate takes a household income of roughly $52,000 a year. That covers the full $1,214 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bagley, 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.