Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$157,546+4.1% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 10% have cut their price
Income needed to buy, per year$34,153About 0.5× the local median income ($64,165): affordable for a typical household
Days on market80 daysAbout the same pace as a year ago
The typical home in Koochiching County, MN is worth $157,546, up 4.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $146,849, so the area is 7.3% overvalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 74% from a year ago, 10% of listings have had a price cut. A household needs about $34,153 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,165. In the latest IRS figures, 108 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$157,546
Change in 1 year
+4.1%
Overvalued %
+7.3%
Show 6 more
Fair home value
$146,849
Change in 5 years
+19.0%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$854
Income needed to afford it
$34,153
Property tax rate
0.74%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+74.4%
Days on market
80
Listings with a price cut
9.8%
Show 3 more
Homes for sale
68
Pending sales per 100 listings
13
Asking price per sq ft
$153
People and jobs
Median household income
$64,165
Population change (1 year)
−0.1%
Unemployment rate
4.8%
Show 4 more
Population
11,587
Income adjusted for cost of living
$74,697
Net moves in (IRS)
−108
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
31.5
Flood risk score
52.3
Show 3 more
Wildfire risk score
33.9
Walkability (1 to 20)
7.0
Road, rail and air noise
51 dB
Questions people ask
Is Koochiching County, MN overvalued?
Home prices in Koochiching County, MN are slightly above what local incomes have historically supported: fair value is about $146,849, so the area is 7.3% overvalued.
Is Koochiching County, MN a buyer's or seller's market?
Koochiching County, MN is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 74% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Koochiching County, MN?
Home values in Koochiching County, MN are up 4.1% over the last year.
How much do you need to earn to buy a home in Koochiching County, MN?
A household needs about $34,153 a year to afford the typical home in Koochiching County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,165.