Rent vs. Buy in Fillmore County, MN

Should you rent or buy in Fillmore County? Here are the numbers.

Median Home Price

$196,200

Median Rent

$724/mo

Price-to-Rent Ratio

22.6x

Homeownership Rate

82.1%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$992
Property Tax$150
Insurance$65

Total Monthly$1,207

Renting

Monthly Rent$724
Renter's Insurance$25

Total Monthly$749

In Fillmore County, buying costs approximately $483/mo more than renting. This doesn't account for equity buildup, tax deductions, or home appreciation.

About Fillmore County, Minnesota

Fillmore County in Minnesota has a median household income of $73,234 and an effective property tax rate of 0.9%. With a price-to-rent ratio of 22.6x, renting may be more cost-effective in the short term.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.