Total monthly cost of ownership
Cost to Own a Home in Ortonville, Minnesota
A $118,000 home here costs
$1,059per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $452 higher every month — 75% 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.
Ortonville against Big Stone County and Minnesota
| Measure | Ortonville | Big Stone County |
|---|---|---|
| Median home value | $117,500 | $135,700 |
| Median property tax | $980 | $1,169 |
| Effective tax rate | 0.834% | 0.861% |
| Median gross rent | $733 | $718 |
| Population | 1,968 | 5,152 |
The weather behind that power bill
Ortonville sits in Big Stone County, which averages a high of 82.8°F in its hottest month and a low of 2.8°F in its coldest, with 26.45" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 682 cooling and 8,021 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Big Stone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Big Stone County
No other places of this size are published in Big Stone County.
Full Big Stone County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Ortonville?
A $118,000 home in Ortonville, Minnesota costs approximately $1,059 per month with 20% down at 6.66%. That is $607 principal and interest, $82 property tax, $51 homeowners insurance, $220 utilities and $98 set aside for maintenance.
What is the property tax rate in Ortonville?
Ortonville has an effective property tax rate of 0.834%, based on a median home value of $117,500 and median real estate taxes of $980. That is lower than the Big Stone County average of 0.861%.
What is the average home price in Ortonville?
The median owner-occupied home value in Ortonville, Minnesota is $117,500, against $135,700 across Big Stone County.
Is it cheaper to rent or buy in Ortonville?
Median gross rent in Ortonville is $733 a month, against $1,059 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 Ortonville — 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.