Total monthly cost of ownership
Cost to Own a Home in Warroad, Minnesota
A $195,000 home here costs
$1,651per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,000 a year.
A standard mortgage calculator would have told you $1,063. The real number is $588 higher every month, 55% more than the payment most buyers budget for.
Compare Roseau County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Warroad from a five-year rolling sample, and with about 2,067 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Roseau County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Warroad against Roseau County and Minnesota
| Measure | Warroad | Roseau County |
|---|---|---|
| Median home value | $195,000 | $177,100 |
| Median property tax | $1,808 | $1,644 |
| Effective tax rate | 0.927% | 0.928% |
| Median gross rent | $833 | $886 |
| Population | 2,067 | 15,301 |
The weather behind that power bill
Warroad sits in Roseau 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 $122 electricity line above.
See the full climate breakdown for Roseau County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Roseau County
Full Roseau County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Warroad averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Warroad every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Warroad I already own here and may sell
Common questions
How much does it cost to own a home in Warroad?
A $195,000 home in Warroad, Minnesota costs approximately $1,651 per month with 20% down at 7.24%. That is $1,063 principal and interest, $151 property tax, $85 homeowners insurance, $190 utilities and $163 set aside for maintenance.
What is the property tax rate in Warroad?
Warroad has an effective property tax rate of 0.927%, based on a median home value of $195,000 and median real estate taxes of $1,808. That is in line with the Roseau County average of 0.928%.
What is the average home price in Warroad?
The median owner-occupied home value in Warroad, Minnesota is $195,000, against $177,100 across Roseau County.
Is it cheaper to rent or buy in Warroad?
Median gross rent in Warroad is $833 a month, against $1,651 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Warroad?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Warroad, Minnesota at today's rate takes a household income of roughly $71,000 a year. That covers the full $1,651 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Warroad, 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.