Total monthly cost of ownership
Cost to Own a Home in Willmar, Minnesota
A $186,000 home here costs
$1,560per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $956. The real number is $603 higher every month — 63% 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.
Willmar against Kandiyohi County and Minnesota
| Measure | Willmar | Kandiyohi County |
|---|---|---|
| Median home value | $186,000 | $230,500 |
| Median property tax | $1,767 | $2,291 |
| Effective tax rate | 0.950% | 0.994% |
| Median gross rent | $830 | $843 |
| Population | 21,136 | 43,757 |
The weather behind that power bill
Willmar sits in Kandiyohi County, which averages a high of 81.5°F in its hottest month and a low of 2.9°F in its coldest, with 28.67" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 596 cooling and 8,309 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Kandiyohi County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kandiyohi County
Full Kandiyohi County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Willmar?
A $186,000 home in Willmar, Minnesota costs approximately $1,560 per month with 20% down at 6.66%. That is $956 principal and interest, $147 property tax, $81 homeowners insurance, $220 utilities and $155 set aside for maintenance.
What is the property tax rate in Willmar?
Willmar has an effective property tax rate of 0.950%, based on a median home value of $186,000 and median real estate taxes of $1,767. That is lower than the Kandiyohi County average of 0.994%.
What is the average home price in Willmar?
The median owner-occupied home value in Willmar, Minnesota is $186,000, against $230,500 across Kandiyohi County.
Is it cheaper to rent or buy in Willmar?
Median gross rent in Willmar is $830 a month, against $1,560 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 Willmar — 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.