Total monthly cost of ownership
Cost to Own a Home in Lauderdale, Minnesota
A $274,000 home here costs
$2,232per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,409. The real number is $823 higher every month — 58% 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.
Lauderdale against Ramsey County and Minnesota
| Measure | Lauderdale | Ramsey County |
|---|---|---|
| Median home value | $273,600 | $304,900 |
| Median property tax | $3,063 | $3,767 |
| Effective tax rate | 1.120% | 1.235% |
| Median gross rent | $1,358 | $1,298 |
| Population | 2,386 | 544,438 |
The weather behind that power bill
Lauderdale sits in Ramsey County, which averages a high of 82.7°F in its hottest month and a low of 8.3°F in its coldest, with 33.11" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 790 cooling and 7,327 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Ramsey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ramsey County
Full Ramsey County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Lauderdale?
A $274,000 home in Lauderdale, Minnesota costs approximately $2,232 per month with 20% down at 6.66%. That is $1,409 principal and interest, $256 property tax, $119 homeowners insurance, $220 utilities and $228 set aside for maintenance.
What is the property tax rate in Lauderdale?
Lauderdale has an effective property tax rate of 1.120%, based on a median home value of $273,600 and median real estate taxes of $3,063. That is lower than the Ramsey County average of 1.235%.
What is the average home price in Lauderdale?
The median owner-occupied home value in Lauderdale, Minnesota is $273,600, against $304,900 across Ramsey County.
Is it cheaper to rent or buy in Lauderdale?
Median gross rent in Lauderdale is $1,358 a month, against $2,232 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 Lauderdale — 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.