House Prices

House Prices & Home Values Knife River, MN 2026


Average Data

average house price$403,800
average size per house2055 ft²
average price per ft²197 $ / ft²

04/16/2026 - The value range (VR) for house prices in Knife River, MN is $132/ sqft to $132/ sqft. An average home with 2055 sqft costs approximately $271,260 to $271,260. Knife River, MN includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 55609, while the highest are in ZIP 55609. The average price per sqare feet is $197. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Knife River

55609129 $ / ft²




Historical development of home values in Knife River

Year Estimated value (USD) Change vs. 2025
2010 $187,532 -53.6%
2011 $180,280 -55.4%
2012 $179,795 -55.5%
2013 $186,515 -53.8%
2014 $195,789 -51.5%
2015 $205,838 -49.0%
2016 $216,580 -46.4%
2017 $228,270 -43.5%
2018 $240,890 -40.3%
2019 $252,059 -37.6%
2020 $265,090 -34.4%
2021 $301,511 -25.3%
2022 $351,494 -13.0%
2023 $370,667 -8.2%
2024 $392,110 -2.9%
2025 $403,800 0.0%

Graph: estimated home values in Knife River over time (USD)



Example: 100% financing house in Knife River

Loan amount: $403,800

Interest rate: 6.00%

Fixed monthly payment: $2,420.99

Breakdown in the 1st month:
Interest portion: $2,019.00  –  Principal portion: $401.99

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,093.11 $4,958.71 $398,841.29
2 $23,787.27 $5,264.55 $393,576.73
3 $23,462.56 $5,589.26 $387,987.48
4 $23,117.83 $5,933.99 $382,053.48
5 $22,751.83 $6,299.99 $375,753.49
6 $22,363.26 $6,688.56 $369,064.93
7 $21,950.73 $7,101.09 $361,963.84
8 $21,512.75 $7,539.07 $354,424.77
9 $21,047.75 $8,004.07 $346,420.70
10 $20,554.08 $8,497.74 $337,922.96
11 $20,029.96 $9,021.86 $328,901.09
12 $19,473.51 $9,578.31 $319,322.78
13 $18,882.74 $10,169.08 $309,153.70
14 $18,255.53 $10,796.29 $298,357.41
15 $17,589.64 $11,462.18 $286,895.23
16 $16,882.68 $12,169.14 $274,726.09
17 $16,132.11 $12,919.71 $261,806.38
18 $15,335.25 $13,716.57 $248,089.82
19 $14,489.25 $14,562.57 $233,527.24
20 $13,591.06 $15,460.76 $218,066.48
21 $12,637.47 $16,414.35 $201,652.13
22 $11,625.07 $17,426.75 $184,225.38
23 $10,550.23 $18,501.59 $165,723.79
24 $9,409.09 $19,642.73 $146,081.06
25 $8,197.57 $20,854.25 $125,226.81
26 $6,911.32 $22,140.50 $103,086.31
27 $5,545.75 $23,506.07 $79,580.24
28 $4,095.94 $24,955.88 $54,624.36
29 $2,556.72 $26,495.10 $28,129.26
30 $922.56 $28,129.26 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Knife River, MN


1500 sqft3900 sqft
Ø selling price$357,555$760,618
Ø fast selling$325,050$684,556
Ø high price sale$390,061$836,679

In 2026, houses in Knife River, MN will be offered at an average price of $197 per square foot. A 1,500 sqft home priced at $357,555 is 22.38% more expensive per square foot than a 3,900 sqft home priced at $760,618. Home prices in Knife River, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $526,581. Sellers who can wait longer may achieve a higher price of up to $643,599.


Discover Knife River, MN

Location & Overview

Nestled on the shore of Lake Superior, Knife River, MN is a charming North Shore community between Duluth and Two Harbors.
Set along Scenic Highway 61, the village offers big-lake views, pebbled beaches, and easy access to coastal attractions.
Travelers love its small-town pace, photogenic river mouth, and the welcoming Knife River marina.

Things to Do on the North Shore

Anglers flock here for spring steelhead and fall salmon runs, as the Knife River is renowned for trout fishing right where it meets Lake Superior.
Beachcombers search for agates, while paddlers, cyclists, and hikers explore nearby North Shore trails and state parks like Gooseberry Falls and Split Rock Lighthouse.
Wildlife watching, sunrise photography, and shoreline picnics make an easy itinerary for weekend escapes.

Culture & History

Knife River?s heritage is rooted in commercial fishing, and you can still spot classic fish houses and local smokehouses that keep traditions alive.
Each December, the Scandinavian-inspired Julebyen festival transforms the village with artisan markets, music, and cozy holiday cheer.

Travel Tips

Plan a visit in summer or peak fall color for ideal weather, or come in winter for snowshoeing, stargazing, and occasional Northern Lights over Lake Superior.
Whether you?re road-tripping the Minnesota North Shore or day-tripping from Duluth, Knife River, Minnesota delivers authentic coastal charm, year-round recreation, and memorable lakeside views.



FAQ – Home Values in Knife River

What is the median home value in Knife River in 2026?

In 2026, the typical home value in Knife River is about $403,800 for an average home size of 2055 square feet. This corresponds to an average price of roughly $197 per square foot.

What is the average cost per square foot in Knife River?

In 2026, homes in Knife River sell for an average of around $197 per square foot, with a typical range between $132 and $132 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Knife River is about 2055 square feet, with an estimated 2026 value around $403,800.



Locations close to Knife River, MN

Lutsen, MN162 $ / ft²
Schroeder, MN152 $ / ft²
Silver Bay, MN166 $ / ft²
Isabella, MN90 $ / ft²
Hovland, MN291 $ / ft²
Grand Portage, MN250 $ / ft²
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