Total monthly cost of ownership
Cost to Own a Home in Pierz, Minnesota
A $156,000 home here costs
$1,372per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $570 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.
Pierz against Morrison County and Minnesota
| Measure | Pierz | Morrison County |
|---|---|---|
| Median home value | $155,700 | $237,000 |
| Median property tax | $1,820 | $2,154 |
| Effective tax rate | 1.169% | 0.909% |
| Median gross rent | $786 | $782 |
| Population | 1,581 | 34,131 |
The weather behind that power bill
Pierz sits in Morrison County, which averages a high of 84.7°F in its hottest month and a low of 3.5°F in its coldest, with 27.18" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 657 cooling and 7,950 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Morrison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morrison County
Full Morrison County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Pierz?
A $156,000 home in Pierz, Minnesota costs approximately $1,372 per month with 20% down at 6.66%. That is $802 principal and interest, $152 property tax, $68 homeowners insurance, $220 utilities and $130 set aside for maintenance.
What is the property tax rate in Pierz?
Pierz has an effective property tax rate of 1.169%, based on a median home value of $155,700 and median real estate taxes of $1,820. That is higher than the Morrison County average of 0.909%.
What is the average home price in Pierz?
The median owner-occupied home value in Pierz, Minnesota is $155,700, against $237,000 across Morrison County.
Is it cheaper to rent or buy in Pierz?
Median gross rent in Pierz is $786 a month, against $1,372 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 Pierz — 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.