Total monthly cost of ownership
Cost to Own a Home in Hilltop, Minnesota
A $25,000 home here costs
$397per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $129. The real number is $269 higher every month — 209% 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.
Hilltop against Anoka County and Minnesota
| Measure | Hilltop | Anoka County |
|---|---|---|
| Median home value | $24,600 | $325,800 |
| Median property tax | $199 | $3,099 |
| Effective tax rate | 0.809% | 0.951% |
| Median gross rent | $1,092 | $1,396 |
| Population | 1,056 | 367,095 |
The weather behind that power bill
Hilltop sits in Anoka County, which averages a high of 82.2°F in its hottest month and a low of 2.4°F in its coldest, with 28.82" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 508 cooling and 8,283 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Anoka County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Anoka County
Full Anoka County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Hilltop?
A $25,000 home in Hilltop, Minnesota costs approximately $397 per month with 20% down at 6.66%. That is $129 principal and interest, $17 property tax, $11 homeowners insurance, $220 utilities and $21 set aside for maintenance.
What is the property tax rate in Hilltop?
Hilltop has an effective property tax rate of 0.809%, based on a median home value of $24,600 and median real estate taxes of $199. That is lower than the Anoka County average of 0.951%.
What is the average home price in Hilltop?
The median owner-occupied home value in Hilltop, Minnesota is $24,600, against $325,800 across Anoka County.
Is it cheaper to rent or buy in Hilltop?
Median gross rent in Hilltop is $1,092 a month, against $397 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hilltop — 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.