The typical owner-occupied home in Kinney is worth about $121,900, 63% below the Minnesota median of $329,300 and 63% below the national median of $332,700. Owners pay a median $1,071 a year in property taxes, about 0.88% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $57,045 a year, so the median home costs 2.1 times the median income (3.7 times for Minnesota). 86% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Kinney at a glance
| Kinney | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $121,900 | $329,300 | $332,700 |
| Median property tax paid per year | $1,071 | $3,357 | $3,119 |
| Property tax as a share of value | 0.88% | 1.02% | 0.94% |
| Median household income | $57,045 | $89,062 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,411 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 19.7% | 21.0% |
| Median rent | $525 | $1,280 | $1,413 |
| Rent as a share of renters' income | 9.0% | 29.2% | 30.6% |
| Median year homes were built | 1972 | 1979 | 1980 |
| Vacant homes | 7.4% | 9.3% | 10.1% |
| Population | 115 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Kinney
At this week's average 30-year rate of 7.11%, buying the median Kinney home of $121,900 with 20% down costs about $796 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $999, 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 $34,123 for the 20%-down payment. That payment is 17% of the median Kinney household income of $57,045; at that income and 20% down, the 28% guideline points to a home of about $204,000.
The median rent here is $525 a month, so owning the median home costs about $271 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,380 |
|---|---|
| Loan amount | $97,520 |
| Principal and interest | $656 |
| Property taxes (0.88% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $796 |
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| Down payment | $4,266 |
|---|---|
| Loan amount | $119,692 |
| Principal and interest | $805 |
| Property taxes (0.88% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $999 |
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Questions about home buying in Kinney
What is the median home value in Kinney?
About $121,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kinney?
Homeowners pay a median $1,071 a year, which is about 0.88% 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 Kinney?
For the median home with 20% down at 7.11%, the payment is about $796 a month. Keeping that under 28% of gross income takes about $34,123 a year.
More about Kinney
- Mortgage Refinance in Kinney
- Debt Relief in Kinney
- Home Equity Loans in Kinney
- 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