Total monthly cost of ownership
Cost to Own a Home in Edgerton, Minnesota
A $133,000 home here costs
$1,195per 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 $51,000 a year.
A standard mortgage calculator would have told you $725. The real number is $470 higher every month, 65% more than the payment most buyers budget for.
Compare Pipestone County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Edgerton from a five-year rolling sample, and with about 1,207 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pipestone County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Edgerton against Pipestone County and Minnesota
| Measure | Edgerton | Pipestone County |
|---|---|---|
| Median home value | $132,800 | $126,700 |
| Median property tax | $1,327 | $1,154 |
| Effective tax rate | 0.999% | 0.911% |
| Median gross rent | $681 | $731 |
| Population | 1,207 | 9,352 |
The weather behind that power bill
Edgerton sits in Pipestone County, which averages a high of 82.4°F in its hottest month and a low of 4.8°F in its coldest, with 28.59" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 637 cooling and 8,088 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Pipestone County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pipestone County
Full Pipestone County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Edgerton 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 Edgerton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Edgerton I already own here and may sell
Common questions
How much does it cost to own a home in Edgerton?
A $133,000 home in Edgerton, Minnesota costs approximately $1,195 per month with 20% down at 7.24%. That is $725 principal and interest, $111 property tax, $58 homeowners insurance, $190 utilities and $111 set aside for maintenance.
What is the property tax rate in Edgerton?
Edgerton has an effective property tax rate of 0.999%, based on a median home value of $132,800 and median real estate taxes of $1,327. That is higher than the Pipestone County average of 0.911%.
What is the average home price in Edgerton?
The median owner-occupied home value in Edgerton, Minnesota is $132,800, against $126,700 across Pipestone County.
Is it cheaper to rent or buy in Edgerton?
Median gross rent in Edgerton is $681 a month, against $1,195 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 Edgerton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Edgerton, Minnesota at today's rate takes a household income of roughly $51,000 a year. That covers the full $1,195 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Edgerton, 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.