The typical owner-occupied home in Kettle River is worth about $154,200, 53% below the Minnesota median of $329,300 and 54% below the national median of $332,700. Owners pay a median $1,800 a year in property taxes, about 1.17% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $65,000 a year, so the median home costs 2.4 times the median income (3.7 times for Minnesota). 88% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Kettle River at a glance
| Kettle River | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $154,200 | $329,300 | $332,700 |
| Median property tax paid per year | $1,800 | $3,357 | $3,119 |
| Property tax as a share of value | 1.17% | 1.02% | 0.94% |
| Median household income | $65,000 | $89,062 | $80,734 |
| Homes lived in by their owners | 88% | 72% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,301 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Rent as a share of renters' income | 27.9% | 29.2% | 30.6% |
| Median year homes were built | 1971 | 1979 | 1980 |
| Vacant homes | 0.0% | 9.3% | 10.1% |
| Population | 140 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Kettle River
At this week's average 30-year rate of 7.11%, buying the median Kettle River home of $154,200 with 20% down costs about $1,044 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,301, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $44,762 for the 20%-down payment. That payment is 19% of the median Kettle River household income of $65,000; at that income and 20% down, the 28% guideline points to a home of about $224,000.
| Down payment | $30,840 |
|---|---|
| Loan amount | $123,360 |
| Principal and interest | $830 |
| Property taxes (1.17% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $1,044 |
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| Down payment | $5,397 |
|---|---|
| Loan amount | $151,407 |
| Principal and interest | $1,019 |
| Property taxes (1.17% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,301 |
Change the numbers in the calculator
Questions about home buying in Kettle River
What is the median home value in Kettle River?
About $154,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kettle River?
Homeowners pay a median $1,800 a year, which is about 1.17% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Kettle River?
For the median home with 20% down at 7.11%, the payment is about $1,044 a month. Keeping that under 28% of gross income takes about $44,762 a year.
More about Kettle River
- Mortgage Refinance in Kettle River
- Debt Relief in Kettle River
- Home Equity Loans in Kettle River
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data