Total monthly cost of ownership
Cost to Own a Home in Staples, Minnesota
A $119,000 home here costs
$1,082per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $470 higher every month — 77% 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.
Staples against Todd County and Minnesota
| Measure | Staples | Todd County |
|---|---|---|
| Median home value | $119,300 | $188,400 |
| Median property tax | $1,188 | $1,874 |
| Effective tax rate | 0.996% | 0.995% |
| Median gross rent | $856 | $850 |
| Population | 2,359 | 25,402 |
Staples extends across 2 counties. Figures here use Todd County, where most of its housing sits.
The weather behind that power bill
Staples sits in Todd County, which averages a high of 78.7°F in its hottest month and a low of -0.9°F in its coldest, with 31.03" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 313 cooling and 9,333 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Todd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Todd County
Common questions
How much does it cost to own a home in Staples?
A $119,000 home in Staples, Minnesota costs approximately $1,082 per month with 20% down at 6.66%. That is $612 principal and interest, $99 property tax, $52 homeowners insurance, $220 utilities and $99 set aside for maintenance.
What is the property tax rate in Staples?
Staples has an effective property tax rate of 0.996%, based on a median home value of $119,300 and median real estate taxes of $1,188. That is in line with the Todd County average of 0.995%.
What is the average home price in Staples?
The median owner-occupied home value in Staples, Minnesota is $119,300, against $188,400 across Todd County.
Is it cheaper to rent or buy in Staples?
Median gross rent in Staples is $856 a month, against $1,082 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 Staples — 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.