Total monthly cost of ownership
Cost to Own a Home in Rock Creek, Minnesota
A $295,000 home here costs
$2,303per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,517. The real number is $786 higher every month — 52% 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.
Rock Creek against Pine County and Minnesota
| Measure | Rock Creek | Pine County |
|---|---|---|
| Median home value | $294,800 | $225,600 |
| Median property tax | $2,299 | $1,973 |
| Effective tax rate | 0.780% | 0.875% |
| Median gross rent | $841 | $873 |
| Population | 1,711 | 29,411 |
The weather behind that power bill
Rock Creek sits in Pine County, which averages a high of 78.8°F in its hottest month and a low of 2.2°F in its coldest, with 33.34" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 266 cooling and 8,836 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Pine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pine County
Common questions
How much does it cost to own a home in Rock Creek?
A $295,000 home in Rock Creek, Minnesota costs approximately $2,303 per month with 20% down at 6.66%. That is $1,517 principal and interest, $192 property tax, $128 homeowners insurance, $220 utilities and $246 set aside for maintenance.
What is the property tax rate in Rock Creek?
Rock Creek has an effective property tax rate of 0.780%, based on a median home value of $294,800 and median real estate taxes of $2,299. That is lower than the Pine County average of 0.875%.
What is the average home price in Rock Creek?
The median owner-occupied home value in Rock Creek, Minnesota is $294,800, against $225,600 across Pine County.
Is it cheaper to rent or buy in Rock Creek?
Median gross rent in Rock Creek is $841 a month, against $2,303 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 Rock Creek — 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.