Market Overview
Home Prices in Pine Island, MN
The median home value in Pine Island, MN is $384,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pine Island are priced6% below average. Pine Island is part of the Rochester, MN metro area.
Over the past five years, Pine Island home values have risen by approximately25.7%, reflecting strong long-term appreciation in this market.
Price History
Pine Island Home Price Trend
City Comparison
Pine Island vs. National Median
At $384,323, homes in Pine Island cost 6% below the national median of $410,000. This makes Pine Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pine Island?
20% Down Payment
$76,865
on $384,323
Monthly P&I
$2,004/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,545/mo
incl. taxes & insurance
Income Needed
$101,800
gross annual (30% rule)
10% Down Option
$38,432
+ PMI applies
Loan Amount (20% dn)
$307,458
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pine Island, MN?
The median home value in Pine Island is $384,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Pine Island?
Over the past year, home values in Pine Island have increased by 3%. Over five years, prices have risen approximately 25.7%.
How much do I need to earn to buy a home in Pine Island?
To comfortably afford the median home price of $384,323 with a 20% down payment ($76,865) at today's rates (6.8%), you'd need a gross annual income of approximately $101,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Pine Island compare to the national average home price?
The national median home value is approximately $410,000. At $384,323, homes in Pine Island are 6% below the national average.
What metro area is Pine Island part of?
Pine Island is part of the Rochester, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.