The typical owner-occupied home in Squaw Lake is worth about $181,300, 45% below the Minnesota median of $329,300 and 46% below the national median of $332,700. The median household earns $60,000 a year, so the median home costs 3.0 times the median income (3.7 times for Minnesota). 63% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Squaw Lake at a glance
| Squaw Lake | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $181,300 | $329,300 | $332,700 |
| Median property tax paid per year | – | $3,357 | $3,119 |
| Median household income | $60,000 | $89,062 | $80,734 |
| Homes lived in by their owners | 63% | 72% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,750 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 50.0% | 19.7% | 21.0% |
| Median rent | $675 | $1,280 | $1,413 |
| Rent as a share of renters' income | 11.7% | 29.2% | 30.6% |
| Median year homes were built | 1972 | 1979 | 1980 |
| Vacant homes | 33.3% | 9.3% | 10.1% |
| Population | 104 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Squaw Lake
At this week's average 30-year rate of 7.11%, buying the median Squaw Lake home of $181,300 with 20% down costs about $1,217 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,519, 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 $52,175 for the 20%-down payment. That payment is 24% of the median Squaw Lake household income of $60,000; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $675 a month, so owning the median home costs about $542 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,260 |
|---|---|
| Loan amount | $145,040 |
| Principal and interest | $976 |
| Property taxes (1.10% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| PMI | $0 |
| Total per month | $1,217 |
Change the numbers in the calculator
| Down payment | $6,346 |
|---|---|
| Loan amount | $178,016 |
| Principal and interest | $1,198 |
| Property taxes (1.10% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| FHA mortgage insurance | $80 |
| Total per month | $1,519 |
Change the numbers in the calculator
Questions about home buying in Squaw Lake
What is the median home value in Squaw Lake?
About $181,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Squaw Lake?
For the median home with 20% down at 7.11%, the payment is about $1,217 a month. Keeping that under 28% of gross income takes about $52,175 a year.
More about Squaw Lake
- Mortgage Refinance in Squaw Lake
- Debt Relief in Squaw Lake
- Home Equity Loans in Squaw Lake
- 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