Total monthly cost of ownership
Cost to Own a Home in Crystal, Minnesota
A $281,000 home here costs
$2,374per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $102,000 a year.
A standard mortgage calculator would have told you $1,532. The real number is $842 higher every month, 55% more than the payment most buyers budget for.
Compare Hennepin County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Crystal against Hennepin County and Minnesota
| Measure | Crystal | Hennepin County |
|---|---|---|
| Median home value | $280,500 | $376,500 |
| Median property tax | $3,544 | $4,337 |
| Effective tax rate | 1.263% | 1.152% |
| Median gross rent | $1,437 | $1,439 |
| Population | 22,685 | 1,268,903 |
The weather behind that power bill
Crystal sits in Hennepin County, which averages a high of 83.3°F in its hottest month and a low of 7.2°F in its coldest, with 30.71" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 703 cooling and 7,654 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Hennepin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hennepin County
Full Hennepin County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Crystal averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Crystal every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Crystal I already own here and may sell
Common questions
How much does it cost to own a home in Crystal?
A $281,000 home in Crystal, Minnesota costs approximately $2,374 per month with 20% down at 7.24%. That is $1,532 principal and interest, $296 property tax, $122 homeowners insurance, $190 utilities and $234 set aside for maintenance.
What is the property tax rate in Crystal?
Crystal has an effective property tax rate of 1.263%, based on a median home value of $280,500 and median real estate taxes of $3,544. That is higher than the Hennepin County average of 1.152%.
What is the average home price in Crystal?
The median owner-occupied home value in Crystal, Minnesota is $280,500, against $376,500 across Hennepin County.
Is it cheaper to rent or buy in Crystal?
Median gross rent in Crystal is $1,437 a month, against $2,374 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Crystal?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Crystal, Minnesota at today's rate takes a household income of roughly $102,000 a year. That covers the full $2,374 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Crystal, 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.