Total monthly cost of ownership
Cost to Own a Home in Crosby, Minnesota
A $176,000 home here costs
$1,443per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $538 higher every month — 59% 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.
Crosby against Crow Wing County and Minnesota
| Measure | Crosby | Crow Wing County |
|---|---|---|
| Median home value | $175,600 | $274,400 |
| Median property tax | $1,133 | $2,161 |
| Effective tax rate | 0.645% | 0.788% |
| Median gross rent | $838 | $962 |
| Population | 2,253 | 67,113 |
The weather behind that power bill
Crosby sits in Crow Wing County, which averages a high of 81.5°F in its hottest month and a low of -0.1°F in its coldest, with 24.53" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 413 cooling and 8,695 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Crow Wing County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crow Wing County
Full Crow Wing County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Crosby?
A $176,000 home in Crosby, Minnesota costs approximately $1,443 per month with 20% down at 6.66%. That is $905 principal and interest, $95 property tax, $76 homeowners insurance, $220 utilities and $147 set aside for maintenance.
What is the property tax rate in Crosby?
Crosby has an effective property tax rate of 0.645%, based on a median home value of $175,600 and median real estate taxes of $1,133. That is lower than the Crow Wing County average of 0.788%.
What is the average home price in Crosby?
The median owner-occupied home value in Crosby, Minnesota is $175,600, against $274,400 across Crow Wing County.
Is it cheaper to rent or buy in Crosby?
Median gross rent in Crosby is $838 a month, against $1,443 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 Crosby — 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.