How much do homeowners pay a month in Knife Lake Township, MN?
Homeowners with a mortgage in Knife Lake Township, MN pay a median of $1,719 (±$128) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $812 (±$73).
58.7% of owned homes carry a mortgage.
In Knife Lake Township, the median monthly cost with a mortgage went from $1,473 in 2015–2019 to $1,719 in 2020–2024 (+16.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,719 (±$128)
- Without a mortgage
- $812 (±$73)
- Owned with a mortgage
- 58.7%
Monthly owner costs in Knife Lake Township
| Knife Lake Township | Kanabec County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,719 (±$128) | $1,631 (±$38) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $812 (±$73) | $628 (±$23) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 58.7% (±6.8 points) | 58.9% (±2.4 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,488 (±$256) | $2,582 (±$70) | $3,357 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Knife Lake Township, the median cost with a mortgage is not measurably different from Kanabec County ($1,631).
It is also lower than in Minnesota ($1,947).
It is lower than the national figure ($1,963).
In Kanabec County, Knife Lake Township ranks 8 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1141 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Knife Lake Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,473 (±$99) | $1,719 (±$128) | +16.7% | No measurable change after inflation |
| Median real estate taxes | $2,000 (±$193) | $3,488 (±$256) | +74.4% | Up after inflation |
| Median home value | $195,000 (±$12,751) | $309,000 (±$25,300) | +58.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Knife Lake Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Knife Lake Township | — | $1,719 (±$128) | — |
| Mora | 4.7 mi | $1,381 (±$85) | Lower |
| Arthur Township (Kanabec County) | 5.0 mi | $1,672 (±$118) | Not measurably different |
| Whited Township | 5.4 mi | $1,506 (±$262) | Not measurably different |
| Ann Lake Township | 6.2 mi | $1,410 (±$112) | Lower |
| Hillman Township (Kanabec County) | 6.3 mi | $1,637 (±$173) | Not measurably different |
| Peace Township | 7.3 mi | $1,773 (±$223) | Not measurably different |
| Kanabec Township | 7.4 mi | $1,835 (±$214) | Not measurably different |
| Quamba | 7.5 mi | $1,333 (±$156) | Lower |
Nearby places with a measurably lower figure: Mora, MN ($1,381), Ann Lake Township, MN ($1,410), Quamba, MN ($1,333).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Kanabec County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 2 | Ford Township | $2,278 (±$353) |
| 3 | South Fork Township | $2,122 (±$170) |
| 4 | Kanabec Township | $1,835 (±$214) |
| 5 | Brunswick Township | $1,789 (±$189) |
| 6 | Peace Township | $1,773 (±$223) |
| 7 | Grass Lake Township | $1,766 (±$194) |
| 8 | Knife Lake Township | $1,719 (±$128) |
| 9 | Arthur Township (Kanabec County) | $1,672 (±$118) |
| 10 | Comfort Township | $1,669 (±$64) |
| 11 | Hillman Township (Kanabec County) | $1,637 (±$173) |
| 12 | Grasston | $1,531 (±$350) |
| 13 | Whited Township | $1,506 (±$262) |
| 14 | Pomroy Township (Kanabec County) | $1,490 (±$187) |
Showing 13 of 19 places in Kanabec County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Knife Lake Township
What is the average mortgage payment in Knife Lake Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Knife Lake Township, MN is $1,719 (±$128) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Knife Lake Township?
Owners without a mortgage in Knife Lake Township pay a median of $812 (±$73) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Knife Lake Township gone up?
In Knife Lake Township, the median monthly cost with a mortgage went from $1,473 in 2015–2019 to $1,719 in 2020–2024 (+16.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Knife Lake township, Kanabec County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Knife Lake township, Kanabec County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Knife Lake township, Kanabec County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Knife Lake township, Kanabec County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Knife Lake township, Kanabec County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Knife Lake township, Kanabec County, Minnesota (county subdivision:33560, in state:27 county:065).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Knife Lake Township at a glance
- Income and affordability in Knife Lake Township
- Home values in Knife Lake Township
- Property taxes in Knife Lake Township
- Types of homes in Knife Lake Township
- Bedrooms in Knife Lake Township
- Age of homes in Knife Lake Township
- Heating fuel in Knife Lake Township
- Commute and cars in Knife Lake Township
- Population growth in Knife Lake Township
- How long people stay in Knife Lake Township
- Minnesota landlord and tenant rules
- Housing across Kanabec County
- Housing data for every place in Minnesota