The typical owner-occupied home in Keewatin is worth about $86,800, 74% below the Minnesota median of $329,300 and 74% below the national median of $332,700. Owners pay a median $692 a year in property taxes, about 0.80% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $53,643 a year, so the median home costs 1.6 times the median income (3.7 times for Minnesota). 81% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Keewatin at a glance
| Keewatin | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $86,800 | $329,300 | $332,700 |
| Median property tax paid per year | $692 | $3,357 | $3,119 |
| Property tax as a share of value | 0.80% | 1.02% | 0.94% |
| Median household income | $53,643 | $89,062 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 40% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $972 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 19.7% | 21.0% |
| Median rent | $932 | $1,280 | $1,413 |
| Rent as a share of renters' income | 40.9% | 29.2% | 30.6% |
| Median year homes were built | 1953 | 1979 | 1980 |
| Vacant homes | 14.4% | 9.3% | 10.1% |
| Population | 1,215 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Keewatin
At this week's average 30-year rate of 7.11%, buying the median Keewatin home of $86,800 with 20% down costs about $561 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $706, 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 $24,050 for the 20%-down payment. That payment is 13% of the median Keewatin household income of $53,643; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $932 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,360 |
|---|---|
| Loan amount | $69,440 |
| Principal and interest | $467 |
| Property taxes (0.80% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $561 |
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| Down payment | $3,038 |
|---|---|
| Loan amount | $85,228 |
| Principal and interest | $573 |
| Property taxes (0.80% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $706 |
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Questions about home buying in Keewatin
What is the median home value in Keewatin?
About $86,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Keewatin?
Homeowners pay a median $692 a year, which is about 0.80% 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 Keewatin?
For the median home with 20% down at 7.11%, the payment is about $561 a month. Keeping that under 28% of gross income takes about $24,050 a year.
More about Keewatin
- Mortgage Refinance in Keewatin
- Debt Relief in Keewatin
- Home Equity Loans in Keewatin
- 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