Total monthly cost of ownership
Cost to Own a Home in Winnebago, Minnesota
A $107,000 home here costs
$987per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $550. The real number is $437 higher every month — 79% 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.
Winnebago against Faribault County and Minnesota
| Measure | Winnebago | Faribault County |
|---|---|---|
| Median home value | $106,500 | $120,200 |
| Median property tax | $963 | $1,263 |
| Effective tax rate | 0.904% | 1.051% |
| Median gross rent | $725 | $837 |
| Population | 1,247 | 13,909 |
The weather behind that power bill
Winnebago sits in Faribault County, which averages a high of 82.2°F in its hottest month and a low of 4.6°F in its coldest, with 34.51" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 668 cooling and 7,753 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Faribault County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Faribault County
Full Faribault County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Winnebago?
A $107,000 home in Winnebago, Minnesota costs approximately $987 per month with 20% down at 6.66%. That is $550 principal and interest, $81 property tax, $46 homeowners insurance, $220 utilities and $89 set aside for maintenance.
What is the property tax rate in Winnebago?
Winnebago has an effective property tax rate of 0.904%, based on a median home value of $106,500 and median real estate taxes of $963. That is lower than the Faribault County average of 1.051%.
What is the average home price in Winnebago?
The median owner-occupied home value in Winnebago, Minnesota is $106,500, against $120,200 across Faribault County.
Is it cheaper to rent or buy in Winnebago?
Median gross rent in Winnebago is $725 a month, against $987 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 Winnebago — 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.