Total monthly cost of ownership
Cost to Own a Home in Caledonia, Minnesota
A $149,000 home here costs
$1,316per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $766. The real number is $550 higher every month — 72% 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.
Caledonia against Houston County and Minnesota
| Measure | Caledonia | Houston County |
|---|---|---|
| Median home value | $148,500 | $226,300 |
| Median property tax | $1,684 | $2,633 |
| Effective tax rate | 1.134% | 1.163% |
| Median gross rent | $804 | $881 |
| Population | 2,825 | 18,768 |
The weather behind that power bill
Caledonia sits in Houston County, which averages a high of 81.2°F in its hottest month and a low of 7.7°F in its coldest, with 38.32" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 587 cooling and 7,641 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Houston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Houston County
Full Houston County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Caledonia?
A $149,000 home in Caledonia, Minnesota costs approximately $1,316 per month with 20% down at 6.66%. That is $766 principal and interest, $141 property tax, $65 homeowners insurance, $220 utilities and $124 set aside for maintenance.
What is the property tax rate in Caledonia?
Caledonia has an effective property tax rate of 1.134%, based on a median home value of $148,500 and median real estate taxes of $1,684. That is lower than the Houston County average of 1.163%.
What is the average home price in Caledonia?
The median owner-occupied home value in Caledonia, Minnesota is $148,500, against $226,300 across Houston County.
Is it cheaper to rent or buy in Caledonia?
Median gross rent in Caledonia is $804 a month, against $1,316 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 Caledonia — 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.