Total monthly cost of ownership
Cost to Own a Home in Osakis, Minnesota
A $169,000 home here costs
$1,460per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $62,500 a year.
A standard mortgage calculator would have told you $921. The real number is $539 higher every month, 58% more than the payment most buyers budget for.
Compare Douglas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Osakis from a five-year rolling sample, and with about 1,667 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Douglas County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Osakis against Douglas County and Minnesota
| Measure | Osakis | Douglas County |
|---|---|---|
| Median home value | $169,200 | $291,700 |
| Median property tax | $1,609 | $2,516 |
| Effective tax rate | 0.951% | 0.863% |
| Median gross rent | — | $896 |
| Population | 1,667 | 39,354 |
Osakis extends across 2 counties. Figures here use Douglas County, where most of its housing sits.
The weather behind that power bill
Osakis sits in Douglas County, which averages a high of 80.2°F in its hottest month and a low of 2.3°F in its coldest, with 24.09" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 495 cooling and 8,653 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Douglas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Full Douglas County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Osakis averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Osakis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Osakis I already own here and may sell
Common questions
How much does it cost to own a home in Osakis?
A $169,000 home in Osakis, Minnesota costs approximately $1,460 per month with 20% down at 7.24%. That is $921 principal and interest, $134 property tax, $73 homeowners insurance, $190 utilities and $141 set aside for maintenance.
What is the property tax rate in Osakis?
Osakis has an effective property tax rate of 0.951%, based on a median home value of $169,200 and median real estate taxes of $1,609. That is higher than the Douglas County average of 0.863%.
What is the average home price in Osakis?
The median owner-occupied home value in Osakis, Minnesota is $169,200, against $291,700 across Douglas County.
Is it cheaper to rent or buy in Osakis?
Rent data is not published for Osakis at this level of detail.
What salary do you need to buy a home in Osakis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Osakis, Minnesota at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,460 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Osakis, 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.