Total monthly cost of ownership
Cost to Own a Home in Winsted, Minnesota
A $210,000 home here costs
$1,778per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,080. The real number is $698 higher every month — 65% 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.
Winsted against McLeod County and Minnesota
| Measure | Winsted | McLeod County |
|---|---|---|
| Median home value | $210,200 | $233,400 |
| Median property tax | $2,542 | $2,708 |
| Effective tax rate | 1.209% | 1.160% |
| Median gross rent | $797 | $906 |
| Population | 2,023 | 36,771 |
The weather behind that power bill
Winsted sits in McLeod County, which averages a high of 80.9°F in its hottest month and a low of 3.4°F in its coldest, with 31.7" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 535 cooling and 8,271 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for McLeod County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McLeod County
Full McLeod County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Winsted?
A $210,000 home in Winsted, Minnesota costs approximately $1,778 per month with 20% down at 6.66%. That is $1,080 principal and interest, $212 property tax, $91 homeowners insurance, $220 utilities and $175 set aside for maintenance.
What is the property tax rate in Winsted?
Winsted has an effective property tax rate of 1.209%, based on a median home value of $210,200 and median real estate taxes of $2,542. That is higher than the McLeod County average of 1.160%.
What is the average home price in Winsted?
The median owner-occupied home value in Winsted, Minnesota is $210,200, against $233,400 across McLeod County.
Is it cheaper to rent or buy in Winsted?
Median gross rent in Winsted is $797 a month, against $1,778 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 Winsted — 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.