Pipestone County, Minnesota Housing Market
In Pipestone County, Minnesota, the median home value is $140,200, with a median monthly rent of $754. This places Pipestone County at #2368 nationally out of 3134 counties by median home value, and #84 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $997
- Establishments: 354
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,766 (avg $78,562)
- Outflow: 3,605 (avg $79,499)
- IRS Statistics of Income
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| Metric | Pipestone County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $140,200 | $238,335 | $227,706 |
| Median Gross Rent | $754 | $938 | $968 |
| Owner Occupancy Rate | 80.8% | 77.9% | 73.3% |
| Price/Rent Ratio | 15.5 | 21.1 | 18.7 |
Market Analysis
The median home value in Pipestone County is 41.2% below the Minnesota state average and 38.4% below the U.S. national average. The median rent of $754/month is 19.6% below the state average.
With a price-to-rent ratio of 15.5, the buy-vs-rent decision in Pipestone County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Pipestone County has an owner-occupancy rate of 80.8%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Crisp County | Georgia | $140,200 | $778 |
| Wayne County | Indiana | $140,200 | $815 |
| Summers County | West Virginia | $140,100 | $915 |
| Tattnall County | Georgia | $140,000 | $699 |
| Logan County | Arkansas | $139,900 | $745 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Faribault County | $135,300 | $799 | 79.2% |
| Kittson County | $134,800 | $757 | 82.9% |
| Norman County | $147,100 | $774 | 79.4% |
| Yellow Medicine County | $154,700 | $678 | 84.0% |
| Chippewa County | $156,100 | $869 | 72.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).