Total monthly cost of ownership
Cost to Own a Home in Bagley, Minnesota
A $135,000 home here costs
$1,202per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $694. The real number is $508 higher every month — 73% 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.
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 $152 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
Common questions
How much does it cost to own a home in Bagley?
A $135,000 home in Bagley, Minnesota costs approximately $1,202 per month with 20% down at 6.66%. That is $694 principal and interest, $116 property tax, $59 homeowners insurance, $220 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 $1,202 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 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.