Total monthly cost of ownership
Cost to Own a Home in Bemidji, Minnesota
A $190,000 home here costs
$1,651per 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 $70,500 a year.
A standard mortgage calculator would have told you $1,036. The real number is $615 higher every month, 59% more than the payment most buyers budget for.
Compare Beltrami County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bemidji against Beltrami County and Minnesota
| Measure | Bemidji | Beltrami County |
|---|---|---|
| Median home value | $189,500 | $222,300 |
| Median property tax | $2,198 | $2,214 |
| Effective tax rate | 1.160% | 0.996% |
| Median gross rent | $1,004 | $991 |
| Population | 15,490 | 46,421 |
The weather behind that power bill
Bemidji sits in Beltrami County, which averages a high of 76.6°F in its hottest month and a low of -2.7°F in its coldest, with 22.77" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 339 cooling and 9,639 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Beltrami County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Beltrami County
Full Beltrami County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Bemidji 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 Bemidji every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bemidji I already own here and may sell
Common questions
How much does it cost to own a home in Bemidji?
A $190,000 home in Bemidji, Minnesota costs approximately $1,651 per month with 20% down at 7.24%. That is $1,036 principal and interest, $184 property tax, $82 homeowners insurance, $190 utilities and $158 set aside for maintenance.
What is the property tax rate in Bemidji?
Bemidji has an effective property tax rate of 1.160%, based on a median home value of $189,500 and median real estate taxes of $2,198. That is higher than the Beltrami County average of 0.996%.
What is the average home price in Bemidji?
The median owner-occupied home value in Bemidji, Minnesota is $189,500, against $222,300 across Beltrami County.
Is it cheaper to rent or buy in Bemidji?
Median gross rent in Bemidji is $1,004 a month, against $1,651 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 Bemidji?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bemidji, Minnesota at today's rate takes a household income of roughly $70,500 a year. That covers the full $1,651 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bemidji, 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.