Total monthly cost of ownership
Cost to Own a Home in Mora, Minnesota
A $180,000 home here costs
$1,579per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $925. The real number is $653 higher every month — 71% 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.
Mora against Kanabec County and Minnesota
| Measure | Mora | Kanabec County |
|---|---|---|
| Median home value | $180,300 | $221,100 |
| Median property tax | $2,460 | $2,463 |
| Effective tax rate | 1.364% | 1.114% |
| Median gross rent | $903 | $1,003 |
| Population | 3,708 | 16,261 |
The weather behind that power bill
Mora sits in Kanabec County, which averages a high of 80.3°F in its hottest month and a low of 0.5°F in its coldest, with 31.68" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 390 cooling and 8,720 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Kanabec County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kanabec County
No other places of this size are published in Kanabec County.
Full Kanabec County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Mora?
A $180,000 home in Mora, Minnesota costs approximately $1,579 per month with 20% down at 6.66%. That is $925 principal and interest, $205 property tax, $78 homeowners insurance, $220 utilities and $150 set aside for maintenance.
What is the property tax rate in Mora?
Mora has an effective property tax rate of 1.364%, based on a median home value of $180,300 and median real estate taxes of $2,460. That is higher than the Kanabec County average of 1.114%.
What is the average home price in Mora?
The median owner-occupied home value in Mora, Minnesota is $180,300, against $221,100 across Kanabec County.
Is it cheaper to rent or buy in Mora?
Median gross rent in Mora is $903 a month, against $1,579 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 Mora — 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.