Total monthly cost of ownership
Cost to Own a Home in Keewatin, Minnesota
A $79,000 home here costs
$772per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $33,000 a year.
A standard mortgage calculator would have told you $431. The real number is $341 higher every month, 79% more than the payment most buyers budget for.
Compare Itasca County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Keewatin from a five-year rolling sample, and with about 1,229 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Itasca County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Keewatin against Itasca County and Minnesota
| Measure | Keewatin | Itasca County |
|---|---|---|
| Median home value | $78,900 | $212,000 |
| Median property tax | $607 | $1,851 |
| Effective tax rate | 0.769% | 0.873% |
| Median gross rent | $934 | $944 |
| Population | 1,229 | 45,141 |
The weather behind that power bill
Keewatin sits in Itasca County, which averages a high of 76.8°F in its hottest month and a low of -4.7°F in its coldest, with 31.12" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 231 cooling and 9,879 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Itasca County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Itasca County
Full Itasca County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Keewatin averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Keewatin every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Keewatin I already own here and may sell
Common questions
How much does it cost to own a home in Keewatin?
A $79,000 home in Keewatin, Minnesota costs approximately $772 per month with 20% down at 7.24%. That is $431 principal and interest, $51 property tax, $34 homeowners insurance, $190 utilities and $66 set aside for maintenance.
What is the property tax rate in Keewatin?
Keewatin has an effective property tax rate of 0.769%, based on a median home value of $78,900 and median real estate taxes of $607. That is lower than the Itasca County average of 0.873%.
What is the average home price in Keewatin?
The median owner-occupied home value in Keewatin, Minnesota is $78,900, against $212,000 across Itasca County.
Is it cheaper to rent or buy in Keewatin?
Median gross rent in Keewatin is $934 a month, against $772 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Keewatin?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Keewatin, Minnesota at today's rate takes a household income of roughly $33,000 a year. That covers the full $772 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Keewatin, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Minnesota.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.