Market Overview
Home Prices in Pine River, MN
The median home value in Pine River, MN is $269,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pine River are priced34% below average. Pine River is part of the Brainerd, MN metro area.
Over the past five years, Pine River home values have risen by approximately39.6%, reflecting strong long-term appreciation in this market.
Price History
Pine River Home Price Trend
City Comparison
Pine River vs. National Median
At $269,326, homes in Pine River cost 34% below the national median of $410,000. This makes Pine River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pine River?
20% Down Payment
$53,865
on $269,326
Monthly P&I
$1,405/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,784/mo
incl. taxes & insurance
Income Needed
$71,360
gross annual (30% rule)
10% Down Option
$26,933
+ PMI applies
Loan Amount (20% dn)
$215,461
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 River, MN?
The median home value in Pine River is $269,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Pine River?
Over the past year, home values in Pine River have increased by 5.3%. Over five years, prices have risen approximately 39.6%.
How much do I need to earn to buy a home in Pine River?
To comfortably afford the median home price of $269,326 with a 20% down payment ($53,865) at today's rates (6.8%), you'd need a gross annual income of approximately $71,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Pine River compare to the national average home price?
The national median home value is approximately $410,000. At $269,326, homes in Pine River are 34% below the national average.
What metro area is Pine River part of?
Pine River is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.