Total monthly cost of ownership
Cost to Own a Home in Warren, Minnesota
A $134,000 home here costs
$1,221per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $532 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.
Warren against Marshall County and Minnesota
| Measure | Warren | Marshall County |
|---|---|---|
| Median home value | $134,300 | $153,300 |
| Median property tax | $1,708 | $1,271 |
| Effective tax rate | 1.272% | 0.829% |
| Median gross rent | $744 | $737 |
| Population | 1,637 | 8,961 |
The weather behind that power bill
Warren sits in Marshall County, which averages a high of 77.5°F in its hottest month and a low of -5.5°F in its coldest, with 24.32" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 188 cooling and 10,106 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
No other places of this size are published in Marshall County.
Full Marshall County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Warren?
A $134,000 home in Warren, Minnesota costs approximately $1,221 per month with 20% down at 6.66%. That is $689 principal and interest, $142 property tax, $58 homeowners insurance, $220 utilities and $112 set aside for maintenance.
What is the property tax rate in Warren?
Warren has an effective property tax rate of 1.272%, based on a median home value of $134,300 and median real estate taxes of $1,708. That is higher than the Marshall County average of 0.829%.
What is the average home price in Warren?
The median owner-occupied home value in Warren, Minnesota is $134,300, against $153,300 across Marshall County.
Is it cheaper to rent or buy in Warren?
Median gross rent in Warren is $744 a month, against $1,221 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 Warren — 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.