Total monthly cost of ownership
Cost to Own a Home in Nisswa, Minnesota
A $476,000 home here costs
$3,605per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,447. The real number is $1,158 higher every month — 47% 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.
Nisswa against Crow Wing County and Minnesota
| Measure | Nisswa | Crow Wing County |
|---|---|---|
| Median home value | $475,700 | $274,400 |
| Median property tax | $4,004 | $2,161 |
| Effective tax rate | 0.842% | 0.788% |
| Median gross rent | $820 | $962 |
| Population | 1,744 | 67,113 |
The weather behind that power bill
Nisswa sits in Crow Wing County, which averages a high of 81.5°F in its hottest month and a low of -0.1°F in its coldest, with 24.53" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 413 cooling and 8,695 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Crow Wing County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crow Wing County
Full Crow Wing County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Nisswa?
A $476,000 home in Nisswa, Minnesota costs approximately $3,605 per month with 20% down at 6.66%. That is $2,447 principal and interest, $334 property tax, $207 homeowners insurance, $220 utilities and $397 set aside for maintenance.
What is the property tax rate in Nisswa?
Nisswa has an effective property tax rate of 0.842%, based on a median home value of $475,700 and median real estate taxes of $4,004. That is higher than the Crow Wing County average of 0.788%.
What is the average home price in Nisswa?
The median owner-occupied home value in Nisswa, Minnesota is $475,700, against $274,400 across Crow Wing County.
Is it cheaper to rent or buy in Nisswa?
Median gross rent in Nisswa is $820 a month, against $3,605 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 Nisswa — 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.