Total monthly cost of ownership
Cost to Own a Home in Kasson, Minnesota
A $265,000 home here costs
$2,239per 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 $96,000 a year.
A standard mortgage calculator would have told you $1,445. The real number is $794 higher every month, 55% more than the payment most buyers budget for.
Compare Dodge 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.
Kasson against Dodge County and Minnesota
| Measure | Kasson | Dodge County |
|---|---|---|
| Median home value | $264,500 | $267,500 |
| Median property tax | $3,208 | $2,902 |
| Effective tax rate | 1.213% | 1.085% |
| Median gross rent | $1,066 | $1,007 |
| Population | 6,964 | 20,962 |
The weather behind that power bill
Kasson sits in Dodge County, which averages a high of 80.3°F in its hottest month and a low of 7.0°F in its coldest, with 34.67" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 533 cooling and 7,856 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Dodge County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dodge County
Full Dodge County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Kasson 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 Kasson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kasson I already own here and may sell
Common questions
How much does it cost to own a home in Kasson?
A $265,000 home in Kasson, Minnesota costs approximately $2,239 per month with 20% down at 7.24%. That is $1,445 principal and interest, $268 property tax, $115 homeowners insurance, $190 utilities and $221 set aside for maintenance.
What is the property tax rate in Kasson?
Kasson has an effective property tax rate of 1.213%, based on a median home value of $264,500 and median real estate taxes of $3,208. That is higher than the Dodge County average of 1.085%.
What is the average home price in Kasson?
The median owner-occupied home value in Kasson, Minnesota is $264,500, against $267,500 across Dodge County.
Is it cheaper to rent or buy in Kasson?
Median gross rent in Kasson is $1,066 a month, against $2,239 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 Kasson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kasson, Minnesota at today's rate takes a household income of roughly $96,000 a year. That covers the full $2,239 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kasson, 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.