Total monthly cost of ownership
Cost to Own a Home in Isanti, Minnesota
A $265,000 home here costs
$2,214per 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 $95,000 a year.
A standard mortgage calculator would have told you $1,445. The real number is $769 higher every month, 53% more than the payment most buyers budget for.
Compare Isanti County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Isanti against Isanti County and Minnesota
| Measure | Isanti | Isanti County |
|---|---|---|
| Median home value | $264,600 | $283,200 |
| Median property tax | $2,904 | $2,951 |
| Effective tax rate | 1.098% | 1.042% |
| Median gross rent | $1,299 | $1,241 |
| Population | 7,023 | 41,934 |
The weather behind that power bill
Isanti sits in Isanti County, which averages a high of 81.8°F in its hottest month and a low of 3.6°F in its coldest, with 29.66" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 546 cooling and 8,124 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Isanti County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Isanti County
Full Isanti County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Isanti 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 Isanti every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Isanti I already own here and may sell
Common questions
How much does it cost to own a home in Isanti?
A $265,000 home in Isanti, Minnesota costs approximately $2,214 per month with 20% down at 7.24%. That is $1,445 principal and interest, $242 property tax, $115 homeowners insurance, $190 utilities and $221 set aside for maintenance.
What is the property tax rate in Isanti?
Isanti has an effective property tax rate of 1.098%, based on a median home value of $264,600 and median real estate taxes of $2,904. That is higher than the Isanti County average of 1.042%.
What is the average home price in Isanti?
The median owner-occupied home value in Isanti, Minnesota is $264,600, against $283,200 across Isanti County.
Is it cheaper to rent or buy in Isanti?
Median gross rent in Isanti is $1,299 a month, against $2,214 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 Isanti?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Isanti, Minnesota at today's rate takes a household income of roughly $95,000 a year. That covers the full $2,214 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Isanti, 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.