Total monthly cost of ownership
Cost to Own a Home in Long Prairie, Minnesota
A $130,000 home here costs
$1,193per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $525 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.
Long Prairie against Todd County and Minnesota
| Measure | Long Prairie | Todd County |
|---|---|---|
| Median home value | $130,100 | $188,400 |
| Median property tax | $1,674 | $1,874 |
| Effective tax rate | 1.287% | 0.995% |
| Median gross rent | $942 | $850 |
| Population | 3,683 | 25,402 |
The weather behind that power bill
Long Prairie sits in Todd County, which averages a high of 78.7°F in its hottest month and a low of -0.9°F in its coldest, with 31.03" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 313 cooling and 9,333 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Todd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Todd County
Common questions
How much does it cost to own a home in Long Prairie?
A $130,000 home in Long Prairie, Minnesota costs approximately $1,193 per month with 20% down at 6.66%. That is $668 principal and interest, $139 property tax, $56 homeowners insurance, $220 utilities and $108 set aside for maintenance.
What is the property tax rate in Long Prairie?
Long Prairie has an effective property tax rate of 1.287%, based on a median home value of $130,100 and median real estate taxes of $1,674. That is higher than the Todd County average of 0.995%.
What is the average home price in Long Prairie?
The median owner-occupied home value in Long Prairie, Minnesota is $130,100, against $188,400 across Todd County.
Is it cheaper to rent or buy in Long Prairie?
Median gross rent in Long Prairie is $942 a month, against $1,193 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 Long Prairie — 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.