Koochiching County, Minnesota home prices
Typical home $157,546 · +4.1% in a year · property tax 0.74%
The typical home in Koochiching County is worth $157,546, 55% less than the Minnesota typical home ($348,778). Values changed +4.1% in the past year and +19.0% over five years. Homeowners here pay a median 0.74% of their home's value in property tax each year ($1,163 on the typical home), versus 1.04% statewide.
Mortgage on the typical Koochiching County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $31,509 | $126,037 | $848 | $0 | $176 | $1,024 | $43,900 |
| 10% down | $15,755 | $141,792 | $954 | $59 | $176 | $1,189 | $50,900 |
| 5% down | $7,877 | $149,669 | $1,007 | $62 | $176 | $1,245 | $53,400 |
| 3.5% down (FHA) | $5,514 | $154,693 | $1,041 | $70 | $176 | $1,286 | $55,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Faribault County | $161,984 | +3.7% | 0.99% |
| Traverse County | $151,419 | +7.6% | 0.99% |
| Cottonwood County | $169,239 | -0.2% | 1.05% |
| Kittson County | $145,496 | +0.1% | 0.92% |
| Watonwan County | $174,190 | +3.2% | 1.05% |
| Mahnomen County | $175,907 | +7.3% | 0.93% |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
| Norman County | $181,155 | +5.8% | 0.94% |
| Redwood County | $187,335 | +6.2% | 1% |
| Pennington County | $191,990 | -2.4% | 1.26% |
Frequently asked questions
What is the average home price in Koochiching County, MN?
The typical home value in Koochiching County is $157,546 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Koochiching County?
About $43,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Koochiching County?
The median effective rate is 0.74% of home value a year (Census ACS 2024 5-year estimates).