Pine, MN housing market
The typical Pine home is worth about $245,000, up 5.4% in a year, 30% below the Minnesota typical home.
Home values, sales, trends and how Pine compares with the towns next door — updated as new data is published.
Pine at a glance
Typical home value, 2016–2026
Show as a table
| January | Pine | Minnesota |
|---|---|---|
| 2017 | $81,000 | $217,000 |
| 2018 | $93,000 | $232,000 |
| 2019 | $113,000 | $246,000 |
| 2020 | $139,000 | $259,000 |
| 2021 | $167,000 | $282,000 |
| 2022 | $196,000 | $313,000 |
| 2023 | $220,000 | $325,000 |
| 2024 | $224,000 | $331,000 |
| 2025 | $232,000 | $341,000 |
| 2026 | $239,000 | $349,000 |
| August 2026 | $245,000 | $351,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Pine in 2025, all single-family houses. That's 1.4 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Pine has permitted 31 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $145,000 |
| 2025 | 2 | 2 | 0 | $291,000 |
| 2024 | 2 | 2 | 0 | $291,000 |
| 2023 | 2 | 2 | 0 | $281,000 |
| 2022 | 1 | 1 | 0 | $150,000 |
| 2021 | 6 | 6 | 0 | $900,000 |
| 2020 | 5 | 5 | 0 | $750,000 |
| 2019 | 4 | 4 | 0 | $525,000 |
| 2018 | 3 | 3 | 0 | $200,000 |
| 2017 | 6 | 6 | 0 | $1.2 million |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
Pine's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Pine and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Pine | $245K | +5.4% | $970 | 2 | $85,536 |
| Chengwatana | — | +7.4%† | $980 | 7 | $77,500 |
| Pine City | — | +7.4%† | $970 | 9 | $52,056 |
| Pokegama | — | +4%† | $1,020 | — | $77,888 |
| Rock Creek | $328K | +3.5% | $1,140 | 4 | $94,856 |
| Grantsburg | $261K | +2.8% | $1,050 | — | $81,125 |
| Royalton | — | +3.7%† | $1,230 | 3 | $86,000 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Pine home costs about 2.9 years of the town's median household income, less than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Pine is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Pine pay a median of $1,539. A two-bedroom takes about 14% of the town's median household income.
Studio $740 · 4 bedrooms $1,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55063; Pine County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.