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Pine Bend

Learn about the people, housing, costs and businesses in Pine Bend, Minnesota

Median Home$198,000
Median Rent$595/month
Population32
Leading IndustriesManufacturing · Agriculture & Mining · Wholesale Trade7% manufacturing
Home Value Growth⬆⬆⬆+27.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners82% of occupied units
Pine Bend
MN

Frequently Asked Questions

What are today's mortgage rates in Pine Bend?

As of today, the 30-year fixed mortgage rate for Pine Bend is approximately 6.974% (7.016% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Pine Bend?

The median home value in Pine Bend is $198k. The median monthly rent is $595. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pine Bend?

Home values in Pine Bend have increased 27.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Pine Bend?

Based on a typical all-in ownership cost of $748/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pine Bend is $63k/year.

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What industries drive the economy in Pine Bend?

The largest employment sectors in Pine Bend are public administration (24%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.