Market Overview
Home Prices in Kettle River, MN
The median home value in Kettle River, MN is $234,632 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 7.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kettle River are priced43% below average. Kettle River is part of the Duluth, MN-WI metro area.
Price History
Kettle River Home Price Trend
2022
$183,605
$184K
—
2023
$206,050
$206K
+12.2%
2024
$202,740
$203K
-1.6%
2025
$217,851
$218K
+7.5%
2026
$234,632
$235K
+7.7%
City Comparison
Kettle River vs. National Median
🏠 Kettle River
$234,632
National Median
$410,000
At $234,632, homes in Kettle River cost 43% below the national median of $410,000. This makes Kettle River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kettle River?
20% Down Payment
$46,926
on $234,632
Monthly P&I
$1,224/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,554/mo
incl. taxes & insurance
Income Needed
$62,160
gross annual (30% rule)
10% Down Option
$23,463
+ PMI applies
Loan Amount (20% dn)
$187,706
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Kettle River, MN?
The median home value in Kettle River is $234,632 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Kettle River?
Over the past year, home values in Kettle River have increased by 7.7%.
How much do I need to earn to buy a home in Kettle River?
To comfortably afford the median home price of $234,632 with a 20% down payment ($46,926) at today's rates (6.8%), you'd need a gross annual income of approximately $62,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Kettle River compare to the national average home price?
The national median home value is approximately $410,000. At $234,632, homes in Kettle River are 43% below the national average.
What metro area is Kettle River part of?
Kettle River is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.