Total monthly cost of ownership
Cost to Own a Home in Renville, Minnesota
A $110,000 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 $566. The real number is $494 higher every month — 87% 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.
Renville against Renville County and Minnesota
| Measure | Renville | Renville County |
|---|---|---|
| Median home value | $109,700 | $151,900 |
| Median property tax | $1,600 | $1,543 |
| Effective tax rate | 1.459% | 1.016% |
| Median gross rent | $671 | $760 |
| Population | 1,397 | 14,587 |
The weather behind that power bill
Renville sits in Renville County, which averages a high of 82.0°F in its hottest month and a low of 2.1°F in its coldest, with 27.93" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 513 cooling and 8,436 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Renville County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Renville County
Full Renville County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Renville?
A $110,000 home in Renville, Minnesota costs approximately $1,059 per month with 20% down at 6.66%. That is $566 principal and interest, $134 property tax, $48 homeowners insurance, $220 utilities and $92 set aside for maintenance.
What is the property tax rate in Renville?
Renville has an effective property tax rate of 1.459%, based on a median home value of $109,700 and median real estate taxes of $1,600. That is higher than the Renville County average of 1.016%.
What is the average home price in Renville?
The median owner-occupied home value in Renville, Minnesota is $109,700, against $151,900 across Renville County.
Is it cheaper to rent or buy in Renville?
Median gross rent in Renville is $671 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 Renville — 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.