Total monthly cost of ownership
Cost to Own a Home in International Falls, Minnesota
A $115,000 home here costs
$1,051per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $460 higher every month — 78% 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.
International Falls against Koochiching County and Minnesota
| Measure | International Falls | Koochiching County |
|---|---|---|
| Median home value | $115,000 | $143,700 |
| Median property tax | $1,121 | $1,148 |
| Effective tax rate | 0.975% | 0.799% |
| Median gross rent | $753 | $774 |
| Population | 5,728 | 11,950 |
The weather behind that power bill
International Falls sits in Koochiching County, which averages a high of 76.5°F in its hottest month and a low of -4.9°F in its coldest, with 27.29" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 175 cooling and 10,140 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Koochiching County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Koochiching County
No other places of this size are published in Koochiching County.
Full Koochiching County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in International Falls?
A $115,000 home in International Falls, Minnesota costs approximately $1,051 per month with 20% down at 6.66%. That is $591 principal and interest, $93 property tax, $50 homeowners insurance, $220 utilities and $96 set aside for maintenance.
What is the property tax rate in International Falls?
International Falls has an effective property tax rate of 0.975%, based on a median home value of $115,000 and median real estate taxes of $1,121. That is higher than the Koochiching County average of 0.799%.
What is the average home price in International Falls?
The median owner-occupied home value in International Falls, Minnesota is $115,000, against $143,700 across Koochiching County.
Is it cheaper to rent or buy in International Falls?
Median gross rent in International Falls is $753 a month, against $1,051 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 International Falls — 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.