Total monthly cost of ownership
Cost to Own a Home in Cohasset, Minnesota
A $316,000 home here costs
$2,483per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,625. The real number is $858 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.
Cohasset against Itasca County and Minnesota
| Measure | Cohasset | Itasca County |
|---|---|---|
| Median home value | $315,700 | $212,000 |
| Median property tax | $2,845 | $1,851 |
| Effective tax rate | 0.901% | 0.873% |
| Median gross rent | $917 | $944 |
| Population | 2,700 | 45,141 |
The weather behind that power bill
Cohasset sits in Itasca County, which averages a high of 76.8°F in its hottest month and a low of -4.7°F in its coldest, with 31.12" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 231 cooling and 9,879 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Itasca County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Itasca County
Full Itasca County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Cohasset?
A $316,000 home in Cohasset, Minnesota costs approximately $2,483 per month with 20% down at 6.66%. That is $1,625 principal and interest, $237 property tax, $137 homeowners insurance, $220 utilities and $263 set aside for maintenance.
What is the property tax rate in Cohasset?
Cohasset has an effective property tax rate of 0.901%, based on a median home value of $315,700 and median real estate taxes of $2,845. That is higher than the Itasca County average of 0.873%.
What is the average home price in Cohasset?
The median owner-occupied home value in Cohasset, Minnesota is $315,700, against $212,000 across Itasca County.
Is it cheaper to rent or buy in Cohasset?
Median gross rent in Cohasset is $917 a month, against $2,483 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 Cohasset — 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.