Total monthly cost of ownership
Cost to Own a Home in Maplewood, Minnesota
A $291,000 home here costs
$2,394per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,496. The real number is $898 higher every month — 60% 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.
Maplewood against Ramsey County and Minnesota
| Measure | Maplewood | Ramsey County |
|---|---|---|
| Median home value | $291,300 | $304,900 |
| Median property tax | $3,709 | $3,767 |
| Effective tax rate | 1.273% | 1.235% |
| Median gross rent | $1,316 | $1,298 |
| Population | 40,981 | 544,438 |
The weather behind that power bill
Maplewood 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 Maplewood?
A $291,000 home in Maplewood, Minnesota costs approximately $2,394 per month with 20% down at 6.66%. That is $1,496 principal and interest, $309 property tax, $126 homeowners insurance, $220 utilities and $243 set aside for maintenance.
What is the property tax rate in Maplewood?
Maplewood has an effective property tax rate of 1.273%, based on a median home value of $291,300 and median real estate taxes of $3,709. That is higher than the Ramsey County average of 1.235%.
What is the average home price in Maplewood?
The median owner-occupied home value in Maplewood, Minnesota is $291,300, against $304,900 across Ramsey County.
Is it cheaper to rent or buy in Maplewood?
Median gross rent in Maplewood is $1,316 a month, against $2,394 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 Maplewood — 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.