How much do homeowners pay a month in Two Harbors, MN?
Homeowners with a mortgage in Two Harbors, MN pay a median of $1,373 (±$175) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $427 (±$39).
72.2% of owned homes carry a mortgage.
In Two Harbors, the median monthly cost with a mortgage went from $1,067 in 2015–2019 to $1,373 in 2020–2024 (+28.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,373 (±$175)
- Without a mortgage
- $427 (±$39)
- Owned with a mortgage
- 72.2%
Monthly owner costs in Two Harbors
| Two Harbors | Lake County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,373 (±$175) | $1,569 (±$102) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $427 (±$39) | $518 (±$25) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 72.2% (±8.4 points) | 54.4% (±3.9 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,524 (±$229) | $1,765 (±$80) | $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 Two Harbors, the median cost with a mortgage is not measurably different from Lake County ($1,569).
It is also lower than in Minnesota ($1,947).
It is lower than the national figure ($1,963).
In Lake County, Two Harbors ranks 5 of 8 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1968 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Two Harbors have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,067 (±$82) | $1,373 (±$175) | +28.7% | No measurable change after inflation |
| Median real estate taxes | $1,120 (±$149) | $1,524 (±$229) | +36.1% | No measurable change after inflation |
| Median home value | $149,900 (±$11,069) | $206,800 (±$15,458) | +38.0% | Up 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 Two Harbors
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Two Harbors | — | $1,373 (±$175) | — |
| Duluth Township | 10 mi | $1,919 (±$77) | Higher |
| Alden Township (St. Louis County) | 10 mi | $1,792 (±$434) | Not measurably different |
| Pequaywan Township | 12 mi | $2,094 (±$364) | Higher |
| Normanna Township | 14 mi | $1,953 (±$146) | Higher |
| North Star Township (St. Louis County) | 15 mi | $2,083 (±$259) | Higher |
| Silver Creek Township (Lake County) | 15 mi | $1,963 (±$393) | Higher |
| Lakewood Township | 17 mi | $2,226 (±$213) | Higher |
| Ault Township | 19 mi | $1,472 (±$592) | Not measurably different |
Nearby places with a measurably higher figure: Duluth Township, MN ($1,919), Pequaywan Township, MN ($2,094), Normanna Township, MN ($1,953).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lake County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Fall Lake Township | $2,054 (±$252) |
| 2 | Silver Creek Township (Lake County) | $1,963 (±$393) |
| 3 | Beaver Bay Township | $1,647 (±$90) |
| 4 | Beaver Bay | $1,604 (±$275) |
| 5 | Two Harbors | $1,373 (±$175) |
| 6 (tie) | Crystal Bay Township | $1,350 (±$527) |
| 6 (tie) | Stony River Township | $1,350 (±$126) |
| 8 | Silver Bay | $1,038 (±$86) |
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 Two Harbors
What is the average mortgage payment in Two Harbors?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Two Harbors, MN is $1,373 (±$175) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Two Harbors?
Owners without a mortgage in Two Harbors pay a median of $427 (±$39) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Two Harbors gone up?
In Two Harbors, the median monthly cost with a mortgage went from $1,067 in 2015–2019 to $1,373 in 2020–2024 (+28.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Two Harbors city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Two Harbors city, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Two Harbors city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Two Harbors city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Two Harbors city, 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 Two Harbors city, Minnesota (place:65956, in state:27).
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 .
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- Housing data for every place in Minnesota