Total monthly cost of ownership
Cost to Own a Home in East Gull Lake, Minnesota
A $522,000 home here costs
$3,843per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,684. The real number is $1,160 higher every month — 43% 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.
East Gull Lake against Cass County and Minnesota
| Measure | East Gull Lake | Cass County |
|---|---|---|
| Median home value | $522,000 | $262,300 |
| Median property tax | $3,331 | $1,512 |
| Effective tax rate | 0.638% | 0.576% |
| Median gross rent | $1,386 | $889 |
| Population | 1,173 | 30,688 |
The weather behind that power bill
East Gull Lake sits in Cass County, which averages a high of 80.2°F in its hottest month and a low of -2.8°F in its coldest, with 23.86" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 367 cooling and 9,305 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Cass County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Common questions
How much does it cost to own a home in East Gull Lake?
A $522,000 home in East Gull Lake, Minnesota costs approximately $3,843 per month with 20% down at 6.66%. That is $2,684 principal and interest, $278 property tax, $227 homeowners insurance, $220 utilities and $435 set aside for maintenance.
What is the property tax rate in East Gull Lake?
East Gull Lake has an effective property tax rate of 0.638%, based on a median home value of $522,000 and median real estate taxes of $3,331. That is higher than the Cass County average of 0.576%.
What is the average home price in East Gull Lake?
The median owner-occupied home value in East Gull Lake, Minnesota is $522,000, against $262,300 across Cass County.
Is it cheaper to rent or buy in East Gull Lake?
Median gross rent in East Gull Lake is $1,386 a month, against $3,843 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 East Gull Lake — 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.