What income do you need to buy a house in Karlstad, MN?

It takes about $47,000/yr to afford the typical Karlstad, MN home ($164K, +8.1% past year) at today's rates. See if you can afford a house in Karlstad (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $47,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, MN property tax and insurance)
• Typical home value: $164K (Zillow ZHVI, 2026-07)
• 1-year change: +8.1%
• Median household income: $64K
• Price-to-income ratio: 2.6
• Estimated payment on the typical home: $851/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Thief River Falls, MN — typical home $191K
• East Grand Forks, MN — typical home $299K
• Grand Forks, ND — typical home $305K
• Crookston, MN — typical home $192K
• Bemidji, MN — typical home $224K
• Devils Lake, ND — typical home $247K

The most affordable cities to buy a house in Minnesota

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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