Kettle River, MN housing market
No new homes were permitted in 2025.
Home values, sales, trends and how Kettle River compares with the towns next door — updated as new data is published.
No new homes permitted in 2025
No permits for new homes were issued in Kettle River in 2025. The last year with any was 2024 (4 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Kettle River's population fell by 25 even though 23 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 35% of Kettle River's homes are seasonal or vacation homes, which adds housing without adding residents. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $411,000 |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 4 | 4 | 0 | $821,000 |
| 2023 | 1 | 1 | 0 | $197,000 |
| 2022 | 2 | 2 | 0 | $850,000 |
| 2021 | 1 | 1 | 0 | $250,000 |
| 2020 | 2 | 2 | 0 | $343,000 |
| 2019 | 2 | 2 | 0 | $343,000 |
| 2018 | 2 | 2 | 0 | $343,000 |
| 2017 | 2 | 2 | 0 | $343,000 |
| 2016 | 2 | 2 | 0 | $343,000 |
| 2015 | 2 | 2 | 0 | $343,000 |
| 2014 | 2 | 2 | 0 | $343,000 |
| 2013 | 3 | 3 | 0 | $215,000 |
| 2012 | 3 | 3 | 0 | $270,000 |
| 2011 | 4 | 4 | 0 | $483,000 |
| 2010 | 1 | 1 | 0 | $80,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 4 | 4 | 0 | $49,000 |
| 2007 | 6 | 6 | 0 | $647,000 |
| 2006 | 4 | 4 | 0 | $500,000 |
| 2005 | 4 | 4 | 0 | $390,000 |
| 2004 | 6 | 6 | 0 | $445,000 |
| 2003 | 4 | 4 | 0 | $210,000 |
| 2002 | 7 | 7 | 0 | $596,000 |
| 2001 | 6 | 6 | 0 | $458,000 |
| 2000 | 2 | 2 | 0 | $317,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Kettle River and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Kettle River | — | — | $990 | 0 | $65,500 |
| Willow River | $265K | +5% | $980 | 2 | $58,125 |
| Rutledge | $180K | +3.4% | $980 | 0 | $65,000 |
| Finlayson | $278K | +5% | $1,130 | 0 | $70,156 |
| Sturgeon Lake | $277K | +3.4% | $1,170 | 1 | $81,875 |
| Norman | — | — | $1,010 | 2 | $86,786 |
| Bremen | — | — | $1,110 | 0 | $82,917 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Kettle River is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Kettle River pay a median of $1,089.
Studio $750 · 4 bedrooms $1,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55704, 55735, 55795; Pine County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.