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📍 Knife River, MN · Zillow ZHVI · July 2026

Average Home Price in
Knife River, MN

Duluth, MN-WI metro area · Lake County County

Median Home Value
$398,803
↑ 8.5% year-over-year
vs. National Median
$410,000
Knife River is 3% below
Est. Monthly Payment
$2,080/mo
20% down · 6.8% rate
Income Needed
$106K
gross annual (30% rule)
Median Home Value
$398,803
↑ 8.5% year-over-year
Down Payment (20%)$79,761
Monthly P&I$2,080/mo
With Taxes & Ins.~$2,642/mo
Income Needed$105,680/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Knife River, MN

The median home value in Knife River, MN is $398,803 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and up 4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Knife River are priced3% below average. Knife River is part of the Duluth, MN-WI metro area.

City Comparison

Knife River vs. National Median

🏠 Knife River
$398,803
National Median
$410,000

At $398,803, homes in Knife River cost 3% below the national median of $410,000. This makes Knife River a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Knife River?

20% Down Payment
$79,761
on $398,803
Monthly P&I
$2,080/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,642/mo
incl. taxes & insurance
Income Needed
$105,680
gross annual (30% rule)
10% Down Option
$39,880
+ PMI applies
Loan Amount (20% dn)
$319,042
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 Knife River, MN?
The median home value in Knife River is $398,803 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Knife River?
Over the past year, home values in Knife River have increased by 8.5%.
How much do I need to earn to buy a home in Knife River?
To comfortably afford the median home price of $398,803 with a 20% down payment ($79,761) at today's rates (6.8%), you'd need a gross annual income of approximately $105,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Knife River compare to the national average home price?
The national median home value is approximately $410,000. At $398,803, homes in Knife River are 3% below the national average.
What metro area is Knife River part of?
Knife River is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.