Total monthly cost of ownership
Cost to Own a Home in Stillwater, Minnesota
A $398,000 home here costs
$3,090per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,046. The real number is $1,044 higher every month — 51% 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.
Stillwater against Washington County and Minnesota
| Measure | Stillwater | Washington County |
|---|---|---|
| Median home value | $398,100 | $400,900 |
| Median property tax | $3,827 | $4,012 |
| Effective tax rate | 0.961% | 1.001% |
| Median gross rent | $1,408 | $1,637 |
| Population | 19,323 | 272,298 |
The weather behind that power bill
Stillwater sits in Washington County, which averages a high of 79.3°F in its hottest month and a low of 5.0°F in its coldest, with 33.2" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 511 cooling and 8,007 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Stillwater?
A $398,000 home in Stillwater, Minnesota costs approximately $3,090 per month with 20% down at 6.66%. That is $2,046 principal and interest, $319 property tax, $173 homeowners insurance, $220 utilities and $332 set aside for maintenance.
What is the property tax rate in Stillwater?
Stillwater has an effective property tax rate of 0.961%, based on a median home value of $398,100 and median real estate taxes of $3,827. That is lower than the Washington County average of 1.001%.
What is the average home price in Stillwater?
The median owner-occupied home value in Stillwater, Minnesota is $398,100, against $400,900 across Washington County.
Is it cheaper to rent or buy in Stillwater?
Median gross rent in Stillwater is $1,408 a month, against $3,090 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 Stillwater — 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.