Total monthly cost of ownership
Cost to Own a Home in Blooming Prairie, Minnesota
A $156,000 home here costs
$1,400per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $598 higher every month — 75% 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.
Blooming Prairie against Steele County and Minnesota
| Measure | Blooming Prairie | Steele County |
|---|---|---|
| Median home value | $155,800 | $234,200 |
| Median property tax | $2,152 | $2,824 |
| Effective tax rate | 1.381% | 1.206% |
| Median gross rent | $680 | $1,006 |
| Population | 1,977 | 37,413 |
Blooming Prairie extends across 2 counties. Figures here use Steele County, where most of its housing sits.
The weather behind that power bill
Blooming Prairie sits in Steele County, which averages a high of 81.7°F in its hottest month and a low of 5.1°F in its coldest, with 35.46" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 640 cooling and 7,955 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Steele County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Steele County
Full Steele County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Blooming Prairie?
A $156,000 home in Blooming Prairie, Minnesota costs approximately $1,400 per month with 20% down at 6.66%. That is $802 principal and interest, $180 property tax, $68 homeowners insurance, $220 utilities and $130 set aside for maintenance.
What is the property tax rate in Blooming Prairie?
Blooming Prairie has an effective property tax rate of 1.381%, based on a median home value of $155,800 and median real estate taxes of $2,152. That is higher than the Steele County average of 1.206%.
What is the average home price in Blooming Prairie?
The median owner-occupied home value in Blooming Prairie, Minnesota is $155,800, against $234,200 across Steele County.
Is it cheaper to rent or buy in Blooming Prairie?
Median gross rent in Blooming Prairie is $680 a month, against $1,400 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 Blooming Prairie — 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.