A typical Knife River home is worth about $386,000
Up 5.2% in a year, 10% above the Minnesota typical home.
Home values since 2022
Typical home value by month.
Show as a table
| January | Knife River | Minnesota |
|---|---|---|
| 2023 | $378,000 | $325,000 |
| 2024 | $345,000 | $331,000 |
| 2025 | $359,000 | $341,000 |
| 2026 | $394,000 | $349,000 |
| August 2026 | $386,000 | $351,000 |
A typical Knife River home worth $363K in February 2022 is worth about $386K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
What it takes to buy in Knife River
Try your own numbers below.
That’s $45K short of a typical Knife River home.
A two-bedroom rents for about $1,460 a month here, $890 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,460
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lake County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Knife River vs. its neighbors
The towns that share a border with Knife River. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Knife River | $386K | +5.2% | $1,460 | — | $78,208 |
| Duluth | $298K | +5.3% | $1,610 | 12 | $116,146 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Knife River
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Knife River buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.