Pine Lake, MN housing market
No new homes were permitted in 2024.
Home values, sales, trends and how Pine Lake compares with the towns next door — updated as new data is published.
No new homes permitted in 2024
No permits for new homes were issued in Pine Lake in 2024. The last year with any was 2023 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Pine Lake's population fell by 3 even though 7 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 53% of Pine Lake's homes are seasonal or vacation homes, which adds housing without adding residents. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $245,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 2 | 2 | 0 | $490,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $215,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 2 | 2 | 0 | $389,000 |
| 2014 | 2 | 2 | 0 | $389,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $320,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 5 | 5 | 0 | $690,000 |
| 2006 | 6 | 6 | 0 | $828,000 |
| 2005 | 7 | 7 | 0 | $966,000 |
| 2004 | 12 | 12 | 0 | $1.6 million |
| 2003 | 8 | 8 | 0 | $983,000 |
| 2002 | 20 | 20 | 0 | $2.3 million |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Pine Lake's permit office didn't report to the Census in 2024, so the 2024 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Pine Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Pine Lake | — | — | $1,190 | — | $62,697 |
| Dell Grove | — | +12.7%† | $1,180 | 6 | $71,083 |
| Finlayson | $278K | +5% | $1,130 | 0 | $70,156 |
| Bremen | — | — | $1,110 | 0 | $82,917 |
| Finlayson | — | — | $1,190 | 3 | $68,500 |
| Kettle River | — | — | $990 | 0 | $65,500 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,190
HUD's Fair Market Rent for a two-bedroom in Pine Lake is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $900 · 4 bedrooms $1,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55735; Aitkin 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. 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.