Total monthly cost of ownership
Cost to Own a Home in Zimmerman, Minnesota
A $285,000 home here costs
$2,324per 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 $99,500 a year.
A standard mortgage calculator would have told you $1,554. The real number is $771 higher every month, 50% more than the payment most buyers budget for.
Compare Sherburne County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Zimmerman against Sherburne County and Minnesota
| Measure | Zimmerman | Sherburne County |
|---|---|---|
| Median home value | $284,600 | $332,700 |
| Median property tax | $2,624 | $3,311 |
| Effective tax rate | 0.922% | 0.995% |
| Median gross rent | $1,277 | $1,151 |
| Population | 6,410 | 99,178 |
The weather behind that power bill
Zimmerman sits in Sherburne County, which averages a high of 80.9°F in its hottest month and a low of 3.8°F in its coldest, with 30.69" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 464 cooling and 8,208 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Sherburne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sherburne County
Full Sherburne County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Zimmerman 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 Zimmerman every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Zimmerman I already own here and may sell
Common questions
How much does it cost to own a home in Zimmerman?
A $285,000 home in Zimmerman, Minnesota costs approximately $2,324 per month with 20% down at 7.24%. That is $1,554 principal and interest, $219 property tax, $124 homeowners insurance, $190 utilities and $238 set aside for maintenance.
What is the property tax rate in Zimmerman?
Zimmerman has an effective property tax rate of 0.922%, based on a median home value of $284,600 and median real estate taxes of $2,624. That is lower than the Sherburne County average of 0.995%.
What is the average home price in Zimmerman?
The median owner-occupied home value in Zimmerman, Minnesota is $284,600, against $332,700 across Sherburne County.
Is it cheaper to rent or buy in Zimmerman?
Median gross rent in Zimmerman is $1,277 a month, against $2,324 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 Zimmerman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Zimmerman, Minnesota at today's rate takes a household income of roughly $99,500 a year. That covers the full $2,324 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Zimmerman, 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.