Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$205,022+9.0% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$44,444About 0.6× the local median income ($70,885): affordable for a typical household
Days on market85 daysFaster than a year ago: sellers have the edge
The typical home in Pipestone County, MN is worth $205,022, up 9.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $192,922, so the area is 6.3% overvalued. It is a balanced market, leaning toward buyers: homes take about 85 days to sell, listings are up 39% from a year ago, 16% of listings have had a price cut. A household needs about $44,444 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 $70,885. In the latest IRS figures, 68 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
$205,022
Change in 1 year
+9.0%
Overvalued %
+6.3%
Show 6 more
Fair home value
$192,922
Change in 5 years
+29.1%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,111
Income needed to afford it
$44,444
Property tax rate
0.86%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+38.9%
Days on market
85
Listings with a price cut
16.3%
Show 3 more
Homes for sale
50
Pending sales per 100 listings
4
Asking price per sq ft
$110
People and jobs
Median household income
$70,885
Population change (1 year)
+0.1%
Unemployment rate
3.2%
Show 4 more
Population
9,260
Income adjusted for cost of living
$82,520
Net moves in (IRS)
−68
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
14.7
Flood risk score
18.5
Show 3 more
Wildfire risk score
19.1
Walkability (1 to 20)
6.9
Road, rail and air noise
52 dB
Questions people ask
Is Pipestone County, MN overvalued?
Home prices in Pipestone County, MN are slightly above what local incomes have historically supported: fair value is about $192,922, so the area is 6.3% overvalued.
Is Pipestone County, MN a buyer's or seller's market?
Pipestone County, MN is a balanced market, leaning toward buyers: homes take about 85 days to sell, listings are up 39% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Pipestone County, MN?
Home values in Pipestone County, MN are up 9.0% over the last year.
How much do you need to earn to buy a home in Pipestone County, MN?
A household needs about $44,444 a year to afford the typical home in Pipestone County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,885.