The typical owner-occupied home in Kanabec County is worth about $228,100, 31% below the Minnesota median of $329,300 and 31% below the national median of $332,700. Owners pay a median $2,582 a year in property taxes, about 1.13% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $71,460 a year, so the median home costs 3.2 times the median income (3.7 times for Minnesota). 85% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Kanabec County at a glance
| Kanabec County | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $228,100 | $329,300 | $332,700 |
| Median property tax paid per year | $2,582 | $3,357 | $3,119 |
| Property tax as a share of value | 1.13% | 1.02% | 0.94% |
| Median household income | $71,460 | $89,062 | $80,734 |
| Homes lived in by their owners | 85% | 72% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,631 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 19.7% | 21.0% |
| Median rent | $962 | $1,280 | $1,413 |
| Rent as a share of renters' income | 24.6% | 29.2% | 30.6% |
| Median year homes were built | 1983 | 1979 | 1980 |
| Vacant homes | 16.3% | 9.3% | 10.1% |
| Population | 16,390 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Kanabec County
At this week's average 30-year rate of 7.11%, buying the median Kanabec County home of $228,100 with 20% down costs about $1,537 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,917, 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 $65,888 for the 20%-down payment. That payment is 26% of the median Kanabec County household income of $71,460; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $962 a month, so owning the median home costs about $575 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,620 |
|---|---|
| Loan amount | $182,480 |
| Principal and interest | $1,228 |
| Property taxes (1.13% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,537 |
Change the numbers in the calculator
| Down payment | $7,984 |
|---|---|
| Loan amount | $223,969 |
| Principal and interest | $1,507 |
| Property taxes (1.13% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,917 |
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Questions about home buying in Kanabec County
What is the median home value in Kanabec County?
About $228,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kanabec County?
Homeowners pay a median $2,582 a year, which is about 1.13% 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 Kanabec County?
For the median home with 20% down at 7.11%, the payment is about $1,537 a month. Keeping that under 28% of gross income takes about $65,888 a year.
More about Kanabec County
- Mortgage Refinance in Kanabec County
- Debt Relief in Kanabec County
- Home Equity Loans in Kanabec County
- 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