Housing in Lone Pine

A typical Lone Pine home is worth roughly $373,000

Typical home value

$373K

MN $351K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$2,120

MN $3,357

What kind of housing town is Lone Pine?

Read from the numbers below. The page puts what stands out first.

A second-home town37% of homes are seasonal or vacation homes.A town of owners99% of households own their home.

★ What stands out · The homes

99% of Lone Pine households own their home

Half of Lone Pine’s homes were built before 1978.

Owners and renters

Own 99%Rent 1%

Minnesota: 72% own.

1978

typical home built · MN 1979

$2,120

median property tax bill · MN $3,357

0.57%

of a home’s value, a year in tax · MN 1.02%

37%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 3.5 years of income

Less than across Minnesota (3.9 years). Try your own numbers below.

You could afford about

$433,000

Typical Lone Pine home $373K

That covers a typical Lone Pine home, with $60K to spare.

The typical home, each month

$2,130

Loan $1,840Tax $180Insurance $110

A two-bedroom rents for about $970 a month here, $1,160 less than owning.

Where your budget reaches nearby

Greenway$138K Hibbing$165K Nashwauk$112K Nashwauk$136K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lone Pine’s typical property tax (0.57% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$680

1 bedroom$780

2 bedrooms$970

3 bedrooms$1,270

4 bedrooms$1,380

of households rent · MN 28%

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Itasca County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Lone Pine vs. its neighbors

Lone Pine is the priciest of 5 neighboring towns. Tap one to see its housing page.

Lone Pine$373K Hibbing$165K Greenway$138K Nashwauk$136K Nashwauk$112K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Lone Pine	$373K*	—	$970	—	$106,429
Greenway	$138K*	+1%†	$1,060	—	$66,094
Hibbing	$165K	+6.1%	$1,030	8	$55,789
Nashwauk	$112K*	−1.5%†	$1,020	0	$57,589
Nashwauk	$136K	+2.2%	$1,030	—	$60,192

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Lone Pine buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Lone Pine still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.