Total monthly cost of ownership
Cost to Own a Home in Moose Lake, Minnesota
A $205,000 home here costs
$1,732per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $678 higher every month — 64% 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.
Moose Lake against Carlton County and Minnesota
| Measure | Moose Lake | Carlton County |
|---|---|---|
| Median home value | $205,000 | $232,000 |
| Median property tax | $2,374 | $2,712 |
| Effective tax rate | 1.158% | 1.169% |
| Median gross rent | $901 | $967 |
| Population | 3,297 | 36,457 |
The weather behind that power bill
Moose Lake sits in Carlton County, which averages a high of 78.5°F in its hottest month and a low of 1.7°F in its coldest, with 32.67" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 212 cooling and 9,396 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Carlton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carlton County
Full Carlton County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Moose Lake?
A $205,000 home in Moose Lake, Minnesota costs approximately $1,732 per month with 20% down at 6.66%. That is $1,054 principal and interest, $198 property tax, $89 homeowners insurance, $220 utilities and $171 set aside for maintenance.
What is the property tax rate in Moose Lake?
Moose Lake has an effective property tax rate of 1.158%, based on a median home value of $205,000 and median real estate taxes of $2,374. That is lower than the Carlton County average of 1.169%.
What is the average home price in Moose Lake?
The median owner-occupied home value in Moose Lake, Minnesota is $205,000, against $232,000 across Carlton County.
Is it cheaper to rent or buy in Moose Lake?
Median gross rent in Moose Lake is $901 a month, against $1,732 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 Moose Lake — 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.