Total monthly cost of ownership
Cost to Own a Home in Baudette, Minnesota
A $171,000 home here costs
$1,454per 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 $62,500 a year.
A standard mortgage calculator would have told you $932. The real number is $522 higher every month, 56% more than the payment most buyers budget for.
Compare Lake of the Woods County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Baudette from a five-year rolling sample, and with about 1,117 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 Lake of the Woods 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.
Baudette against Lake of the Woods County and Minnesota
| Measure | Baudette | Lake of the Woods County |
|---|---|---|
| Median home value | $171,000 | $215,000 |
| Median property tax | $1,373 | $1,520 |
| Effective tax rate | 0.803% | 0.707% |
| Median gross rent | $849 | $867 |
| Population | 1,117 | 3,800 |
The weather behind that power bill
Baudette sits in Lake of the Woods County, which averages a high of 77.9°F in its hottest month and a low of -4.3°F in its coldest, with 23.18" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 228 cooling and 9,881 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Lake of the Woods County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake of the Woods County
No other places of this size are published in Lake of the Woods County.
Full Lake of the Woods County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Baudette 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 Baudette every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Baudette I already own here and may sell
Common questions
How much does it cost to own a home in Baudette?
A $171,000 home in Baudette, Minnesota costs approximately $1,454 per month with 20% down at 7.24%. That is $932 principal and interest, $114 property tax, $74 homeowners insurance, $190 utilities and $143 set aside for maintenance.
What is the property tax rate in Baudette?
Baudette has an effective property tax rate of 0.803%, based on a median home value of $171,000 and median real estate taxes of $1,373. That is higher than the Lake of the Woods County average of 0.707%.
What is the average home price in Baudette?
The median owner-occupied home value in Baudette, Minnesota is $171,000, against $215,000 across Lake of the Woods County.
Is it cheaper to rent or buy in Baudette?
Median gross rent in Baudette is $849 a month, against $1,454 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 Baudette?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Baudette, Minnesota at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,454 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Baudette, 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.