Total monthly cost of ownership
Cost to Own a Home in Le Center, Minnesota
A $190,000 home here costs
$1,654per 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 $71,000 a year.
A standard mortgage calculator would have told you $1,036. The real number is $619 higher every month, 60% more than the payment most buyers budget for.
Compare Le Sueur County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Le Center from a five-year rolling sample, and with about 2,514 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Le Sueur County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Le Center against Le Sueur County and Minnesota
| Measure | Le Center | Le Sueur County |
|---|---|---|
| Median home value | $189,800 | $287,700 |
| Median property tax | $2,246 | $3,119 |
| Effective tax rate | 1.183% | 1.084% |
| Median gross rent | $856 | $885 |
| Population | 2,514 | 28,936 |
The weather behind that power bill
Le Center sits in Le Sueur County, which averages a high of 81.9°F in its hottest month and a low of 3.1°F in its coldest, with 32.42" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 577 cooling and 8,213 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Le Sueur County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Le Sueur County
Full Le Sueur County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Le Center 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 Le Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Le Center I already own here and may sell
Common questions
How much does it cost to own a home in Le Center?
A $190,000 home in Le Center, Minnesota costs approximately $1,654 per month with 20% down at 7.24%. That is $1,036 principal and interest, $187 property tax, $82 homeowners insurance, $190 utilities and $158 set aside for maintenance.
What is the property tax rate in Le Center?
Le Center has an effective property tax rate of 1.183%, based on a median home value of $189,800 and median real estate taxes of $2,246. That is higher than the Le Sueur County average of 1.084%.
What is the average home price in Le Center?
The median owner-occupied home value in Le Center, Minnesota is $189,800, against $287,700 across Le Sueur County.
Is it cheaper to rent or buy in Le Center?
Median gross rent in Le Center is $856 a month, against $1,654 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 Le Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Le Center, Minnesota at today's rate takes a household income of roughly $71,000 a year. That covers the full $1,654 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Le Center, 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.