How much do homeowners pay a month in St. Olaf Township, MN?
Homeowners with a mortgage in St. Olaf Township, MN pay a median of $1,675 (±$273) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $817 (±$258).
50.7% of owned homes carry a mortgage.
In St. Olaf Township, the median monthly cost with a mortgage went from $1,633 in 2015–2019 to $1,675 in 2020–2024 (+2.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,675 (±$273)
- Without a mortgage
- $817 (±$258)
- Owned with a mortgage
- 50.7%
Monthly owner costs in St. Olaf Township
| St. Olaf Township | Otter Tail County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,675 (±$273) | $1,594 (±$34) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $817 (±$258) | $579 (±$12) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 50.7% (±11.9 points) | 53.2% (±1.5 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,014 (±$523) | $2,093 (±$76) | $3,357 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In St. Olaf Township, the median cost with a mortgage is not measurably different from Otter Tail County ($1,594).
It is not measurably different from Minnesota ($1,947).
It is lower than the national figure ($1,963).
In Otter Tail County, St. Olaf Township ranks 39 of 79 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1233 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in St. Olaf Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,633 (±$141) | $1,675 (±$273) | +2.6% | Down after inflation |
| Median real estate taxes | $2,076 (±$346) | $3,014 (±$523) | +45.2% | No measurable change after inflation |
| Median home value | $207,600 (±$24,813) | $325,000 (±$89,556) | +56.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near St. Olaf Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| St. Olaf Township | — | $1,675 (±$273) | — |
| Ashby | 4.0 mi | $1,441 (±$121) | Not measurably different |
| Dalton | 4.7 mi | $1,273 (±$180) | Lower |
| Tordenskjold Township | 5.7 mi | $2,031 (±$170) | Higher |
| Eagle Lake Township | 6.0 mi | $1,821 (±$341) | Not measurably different |
| Tumuli Township | 6.1 mi | $1,846 (±$200) | Not measurably different |
| Pelican Lake Township | 6.7 mi | $1,840 (±$120) | Not measurably different |
| Clitherall Township | 7.7 mi | $1,850 (±$163) | Not measurably different |
| Pomme de Terre Township | 8.2 mi | $2,042 (±$354) | Not measurably different |
Nearby places with a measurably lower figure: Dalton, MN ($1,273).
Nearby places with a measurably higher figure: Tordenskjold Township, MN ($2,031).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Otter Tail County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 33 | Tumuli Township | $1,846 (±$200) |
| 34 | Eagle Lake Township | $1,821 (±$341) |
| 35 | Rush Lake Township | $1,757 (±$129) |
| 36 | Effington Township | $1,732 (±$512) |
| 37 | Ottertail | $1,719 (±$302) |
| 38 | Sverdrup Township | $1,699 (±$177) |
| 39 | St. Olaf Township | $1,675 (±$273) |
| 40 | Buse Township | $1,658 (±$207) |
| 41 | Dane Prairie Township | $1,641 (±$45) |
| 42 | Star Lake Township | $1,633 (±$187) |
| 43 | Leaf Lake Township | $1,632 (±$223) |
| 44 | Parkers Prairie Township | $1,629 (±$94) |
| 45 (tie) | Richville | $1,625 (±$937) |
Showing 13 of 79 places in Otter Tail County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about St. Olaf Township
What is the average mortgage payment in St. Olaf Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in St. Olaf Township, MN is $1,675 (±$273) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in St. Olaf Township?
Owners without a mortgage in St. Olaf Township pay a median of $817 (±$258) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in St. Olaf Township gone up?
In St. Olaf Township, the median monthly cost with a mortgage went from $1,633 in 2015–2019 to $1,675 in 2020–2024 (+2.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — St. Olaf township, Otter Tail County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — St. Olaf township, Otter Tail County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — St. Olaf township, Otter Tail County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — St. Olaf township, Otter Tail County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — St. Olaf township, Otter Tail County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for St. Olaf township, Otter Tail County, Minnesota (county subdivision:57382, in state:27 county:111).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in St. Olaf Township at a glance
- Home values in St. Olaf Township
- Property taxes in St. Olaf Township
- Types of homes in St. Olaf Township
- Bedrooms in St. Olaf Township
- Age of homes in St. Olaf Township
- Minnesota landlord and tenant rules
- Housing across Otter Tail County
- Housing data for every place in Minnesota