Total monthly cost of ownership
Cost to Own a Home in Spring Grove, Minnesota
A $148,000 home here costs
$1,320per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $761. The real number is $559 higher every month — 73% 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.
Spring Grove against Houston County and Minnesota
| Measure | Spring Grove | Houston County |
|---|---|---|
| Median home value | $148,200 | $226,300 |
| Median property tax | $1,816 | $2,633 |
| Effective tax rate | 1.225% | 1.163% |
| Median gross rent | $1,074 | $881 |
| Population | 1,223 | 18,768 |
The weather behind that power bill
Spring Grove sits in Houston County, which averages a high of 81.2°F in its hottest month and a low of 7.7°F in its coldest, with 38.32" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 587 cooling and 7,641 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Houston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Houston County
Full Houston County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Spring Grove?
A $148,000 home in Spring Grove, Minnesota costs approximately $1,320 per month with 20% down at 6.66%. That is $761 principal and interest, $151 property tax, $64 homeowners insurance, $220 utilities and $123 set aside for maintenance.
What is the property tax rate in Spring Grove?
Spring Grove has an effective property tax rate of 1.225%, based on a median home value of $148,200 and median real estate taxes of $1,816. That is higher than the Houston County average of 1.163%.
What is the average home price in Spring Grove?
The median owner-occupied home value in Spring Grove, Minnesota is $148,200, against $226,300 across Houston County.
Is it cheaper to rent or buy in Spring Grove?
Median gross rent in Spring Grove is $1,074 a month, against $1,320 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 Spring Grove — 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.