Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Knife River area can be challenging. Home prices in Knife River are now at a median cost of $252,544, lower than the Minnesota average of $269,934.
The average cost of rent is $1,136/mo in Knife River, primarily driven by the current value of real estate in the Knife River area. While nearly 36.73% of residents own their homes outright in Knife River, 15.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Knife River is $7,712 per month. Households that rent pay about 14.74% of their income on rent here. Knife River's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Palmers, MN: higher priced homes
- Larsmont, MN: equally priced homes
- French River, MN: higher priced homes
- Two Harbors, MN: less expensive homes
- Waldo, MN: equally priced homes
- Highland, MN: equally priced homes
- Whyte, MN: less expensive homes
- Duluth, MN: less expensive homes
- Brimson, MN: less expensive homes
- Wales, MN: less expensive homes
Cities with Similar Populations
- Rockport, WA: equally priced homes
- Milan Center, IN: less expensive homes
- Miller, OK: less expensive homes
- Miller Valley, AZ: higher priced homes
- River Junction, FL: less expensive homes
- Riverdale, ND: equally priced homes
- Robertsville, OH: less expensive homes
- Rochester, IA: less expensive homes
- Rock, KS: less expensive homes
- Middletown Heights, KY: higher priced homes
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