Total monthly cost of ownership
Cost to Own a Home in Braham, Minnesota
A $192,000 home here costs
$1,671per 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 $71,500 a year.
A standard mortgage calculator would have told you $1,047. The real number is $624 higher every month, 60% more than the payment most buyers budget for.
Compare Isanti County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Braham from a five-year rolling sample, and with about 1,674 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 Isanti 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.
Braham against Isanti County and Minnesota
| Measure | Braham | Isanti County |
|---|---|---|
| Median home value | $191,600 | $283,200 |
| Median property tax | $2,277 | $2,951 |
| Effective tax rate | 1.188% | 1.042% |
| Median gross rent | $905 | $1,241 |
| Population | 1,674 | 41,934 |
Braham extends across 2 counties. Figures here use Isanti County, where most of its housing sits.
The weather behind that power bill
Braham sits in Isanti County, which averages a high of 81.8°F in its hottest month and a low of 3.6°F in its coldest, with 29.66" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 546 cooling and 8,124 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Isanti County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Isanti County
Full Isanti County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Braham 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 Braham every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Braham I already own here and may sell
Common questions
How much does it cost to own a home in Braham?
A $192,000 home in Braham, Minnesota costs approximately $1,671 per month with 20% down at 7.24%. That is $1,047 principal and interest, $190 property tax, $83 homeowners insurance, $190 utilities and $160 set aside for maintenance.
What is the property tax rate in Braham?
Braham has an effective property tax rate of 1.188%, based on a median home value of $191,600 and median real estate taxes of $2,277. That is higher than the Isanti County average of 1.042%.
What is the average home price in Braham?
The median owner-occupied home value in Braham, Minnesota is $191,600, against $283,200 across Isanti County.
Is it cheaper to rent or buy in Braham?
Median gross rent in Braham is $905 a month, against $1,671 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 Braham?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Braham, Minnesota at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,671 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Braham, 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.