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Pine Springs

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

Median Home$470,000
Median Rent$1,764/month
Population391
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare31% public administration
Home Value Growth+8.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners88% of occupied units
NotableHighly Educated34% bachelor's · 18% graduate · top 4% nationally
NotableTransit86/100 · excellent transit access
Pine Springs
MN

Frequently Asked Questions

What are today's mortgage rates in Pine Springs?

As of today, the 30-year fixed mortgage rate for Pine Springs is approximately 6.965% (7.004% 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 Springs?

The median home value in Pine Springs is $470k. The median monthly rent is $1,764. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pine Springs?

Home values in Pine Springs have increased 8.2% over the past two years. This represents moderate growth. 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 Springs?

Based on a typical all-in ownership cost of $1,861/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pine Springs is $120k/year.

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What industries drive the economy in Pine Springs?

The largest employment sectors in Pine Springs are public administration (31%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.