Total monthly cost of ownership
Cost to Own a Home in Carver, Minnesota
A $428,000 home here costs
$3,359per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,200. The real number is $1,159 higher every month — 53% 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.
Carver against Carver County and Minnesota
| Measure | Carver | Carver County |
|---|---|---|
| Median home value | $427,600 | $426,900 |
| Median property tax | $4,748 | $4,380 |
| Effective tax rate | 1.110% | 1.026% |
| Median gross rent | $1,347 | $1,444 |
| Population | 5,935 | 108,622 |
The weather behind that power bill
Carver sits in Carver County, which averages a high of 83.7°F in its hottest month and a low of 7.7°F in its coldest, with 30.64" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 788 cooling and 7,430 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Carver County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carver County
Full Carver County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Carver?
A $428,000 home in Carver, Minnesota costs approximately $3,359 per month with 20% down at 6.66%. That is $2,200 principal and interest, $396 property tax, $186 homeowners insurance, $220 utilities and $357 set aside for maintenance.
What is the property tax rate in Carver?
Carver has an effective property tax rate of 1.110%, based on a median home value of $427,600 and median real estate taxes of $4,748. That is higher than the Carver County average of 1.026%.
What is the average home price in Carver?
The median owner-occupied home value in Carver, Minnesota is $427,600, against $426,900 across Carver County.
Is it cheaper to rent or buy in Carver?
Median gross rent in Carver is $1,347 a month, against $3,359 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 Carver — 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.