Total monthly cost of ownership
Cost to Own a Home in Stewartville, Minnesota
A $258,000 home here costs
$2,150per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,326. The real number is $823 higher every month — 62% 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.
Stewartville against Olmsted County and Minnesota
| Measure | Stewartville | Olmsted County |
|---|---|---|
| Median home value | $258,000 | $304,500 |
| Median property tax | $3,310 | $3,314 |
| Effective tax rate | 1.283% | 1.088% |
| Median gross rent | $975 | $1,283 |
| Population | 6,754 | 163,425 |
The weather behind that power bill
Stewartville sits in Olmsted County, which averages a high of 80.3°F in its hottest month and a low of 7.0°F in its coldest, with 34.67" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 533 cooling and 7,856 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Olmsted County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Olmsted County
Full Olmsted County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Stewartville?
A $258,000 home in Stewartville, Minnesota costs approximately $2,150 per month with 20% down at 6.66%. That is $1,326 principal and interest, $276 property tax, $112 homeowners insurance, $220 utilities and $215 set aside for maintenance.
What is the property tax rate in Stewartville?
Stewartville has an effective property tax rate of 1.283%, based on a median home value of $258,000 and median real estate taxes of $3,310. That is higher than the Olmsted County average of 1.088%.
What is the average home price in Stewartville?
The median owner-occupied home value in Stewartville, Minnesota is $258,000, against $304,500 across Olmsted County.
Is it cheaper to rent or buy in Stewartville?
Median gross rent in Stewartville is $975 a month, against $2,150 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 Stewartville — 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.