Total monthly cost of ownership
Cost to Own a Home in North Branch, Minnesota
A $291,000 home here costs
$2,372per 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 $876 higher every month — 59% 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.
North Branch against Chisago County and Minnesota
| Measure | North Branch | Chisago County |
|---|---|---|
| Median home value | $290,600 | $326,600 |
| Median property tax | $3,442 | $3,668 |
| Effective tax rate | 1.184% | 1.123% |
| Median gross rent | $1,178 | $1,112 |
| Population | 11,182 | 57,434 |
The weather behind that power bill
North Branch sits in Chisago County, which averages a high of 82.1°F in its hottest month and a low of -0.1°F in its coldest, with 32.39" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 446 cooling and 8,608 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Chisago County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chisago County
Full Chisago County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in North Branch?
A $291,000 home in North Branch, Minnesota costs approximately $2,372 per month with 20% down at 6.66%. That is $1,496 principal and interest, $287 property tax, $126 homeowners insurance, $220 utilities and $243 set aside for maintenance.
What is the property tax rate in North Branch?
North Branch has an effective property tax rate of 1.184%, based on a median home value of $290,600 and median real estate taxes of $3,442. That is higher than the Chisago County average of 1.123%.
What is the average home price in North Branch?
The median owner-occupied home value in North Branch, Minnesota is $290,600, against $326,600 across Chisago County.
Is it cheaper to rent or buy in North Branch?
Median gross rent in North Branch is $1,178 a month, against $2,372 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 North Branch — 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.