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Pipestone

Learn about the people, housing, costs and businesses in Pipestone, Minnesota

Median Home$113,858
Median Rent$731/month
Population4,132
Leading IndustriesTransportation · Wholesale Trade · Construction5% transportation
Home Value Growth⬆⬆+21.0% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners70% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$114k median home · lower cost than 87% of the country
Pipestone
MN

Frequently Asked Questions

What are today's mortgage rates in Pipestone?

As of today, the 30-year fixed mortgage rate for Pipestone is approximately 7.140% (7.187% 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 Pipestone?

The median home value in Pipestone is $114k. The median monthly rent is $731. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pipestone?

Home values in Pipestone have increased 21.0% 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 Pipestone?

Based on a typical all-in ownership cost of $828/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pipestone is $67k/year.

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What industries drive the economy in Pipestone?

The largest employment sectors in Pipestone are public administration (25%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.