Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Knife River

Learn about the people, housing, costs and businesses in Knife River, Minnesota

Median Home$363,000
Median Rent$1,174/month
Population210
Leading IndustriesEducation · Manufacturing · Professional Services4% education
Home Value Growth+0.4% over 2 years
Retirees28% of residentswell above average
Homeowners93% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
NotableHigh Incomes$89k/year · top 26% nationally
Knife River
MN

Frequently Asked Questions

What are today's mortgage rates in Knife River?

As of today, the 30-year fixed mortgage rate for Knife River is approximately 6.906% (6.942% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Knife River
What is the median home price in Knife River?

The median home value in Knife River is $363k. The median monthly rent is $1,174. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Knife River?

Home values in Knife River have increased 0.4% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Knife River?

Based on a typical all-in ownership cost of $1,187/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Knife River is $89k/year.

Calculate your buying power
What industries drive the economy in Knife River?

The largest employment sectors in Knife River are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.