Total monthly cost of ownership
Cost to Own a Home in Harmony, Minnesota
A $155,000 home here costs
$1,383per 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 $59,500 a year.
A standard mortgage calculator would have told you $845. The real number is $538 higher every month, 64% more than the payment most buyers budget for.
Compare Fillmore County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Harmony from a five-year rolling sample, and with about 1,089 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 Fillmore 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.
Harmony against Fillmore County and Minnesota
| Measure | Harmony | Fillmore County |
|---|---|---|
| Median home value | $154,800 | $204,000 |
| Median property tax | $1,808 | $1,932 |
| Effective tax rate | 1.168% | 0.947% |
| Median gross rent | $698 | $763 |
| Population | 1,089 | 21,346 |
The weather behind that power bill
Harmony sits in Fillmore County, which averages a high of 81.1°F in its hottest month and a low of 4.1°F in its coldest, with 36.78" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 452 cooling and 8,153 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Fillmore County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fillmore County
Full Fillmore County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Harmony 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 Harmony every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Harmony I already own here and may sell
Common questions
How much does it cost to own a home in Harmony?
A $155,000 home in Harmony, Minnesota costs approximately $1,383 per month with 20% down at 7.24%. That is $845 principal and interest, $151 property tax, $67 homeowners insurance, $190 utilities and $129 set aside for maintenance.
What is the property tax rate in Harmony?
Harmony has an effective property tax rate of 1.168%, based on a median home value of $154,800 and median real estate taxes of $1,808. That is higher than the Fillmore County average of 0.947%.
What is the average home price in Harmony?
The median owner-occupied home value in Harmony, Minnesota is $154,800, against $204,000 across Fillmore County.
Is it cheaper to rent or buy in Harmony?
Median gross rent in Harmony is $698 a month, against $1,383 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 Harmony?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Harmony, Minnesota at today's rate takes a household income of roughly $59,500 a year. That covers the full $1,383 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Harmony, 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.