Total monthly cost of ownership
Cost to Own a Home in Breckenridge, Minnesota
A $142,000 home here costs
$1,233per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $730. The real number is $503 higher every month — 69% 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.
Breckenridge against Wilkin County and Minnesota
| Measure | Breckenridge | Wilkin County |
|---|---|---|
| Median home value | $142,000 | $172,300 |
| Median property tax | $1,228 | $1,310 |
| Effective tax rate | 0.865% | 0.760% |
| Median gross rent | $502 | $561 |
| Population | 3,369 | 6,413 |
The weather behind that power bill
Breckenridge sits in Wilkin County, which averages a high of 82.1°F in its hottest month and a low of 0.2°F in its coldest, with 23.95" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 542 cooling and 8,806 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Wilkin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wilkin County
No other places of this size are published in Wilkin County.
Full Wilkin County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Breckenridge?
A $142,000 home in Breckenridge, Minnesota costs approximately $1,233 per month with 20% down at 6.66%. That is $730 principal and interest, $102 property tax, $62 homeowners insurance, $220 utilities and $118 set aside for maintenance.
What is the property tax rate in Breckenridge?
Breckenridge has an effective property tax rate of 0.865%, based on a median home value of $142,000 and median real estate taxes of $1,228. That is higher than the Wilkin County average of 0.760%.
What is the average home price in Breckenridge?
The median owner-occupied home value in Breckenridge, Minnesota is $142,000, against $172,300 across Wilkin County.
Is it cheaper to rent or buy in Breckenridge?
Median gross rent in Breckenridge is $502 a month, against $1,233 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 Breckenridge — 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.