Market Overview
Home Prices in Pipestone, MN
The median home value in Pipestone, MN is $155,550 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pipestone are priced62% below average.
Over the past five years, Pipestone home values have risen by approximately25.1%, reflecting strong long-term appreciation in this market.
Price History
Pipestone Home Price Trend
2020
$111,208
$111K
—
2021
$124,376
$124K
+11.8%
2022
$132,208
$132K
+6.3%
2023
$140,496
$140K
+6.3%
2024
$145,760
$146K
+3.7%
2025
$146,950
$147K
+0.8%
2026
$155,550
$156K
+5.9%
City Comparison
Pipestone vs. National Median
🏠 Pipestone
$155,550
National Median
$410,000
At $155,550, homes in Pipestone cost 62% below the national median of $410,000. This makes Pipestone a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pipestone?
20% Down Payment
$31,110
on $155,550
Monthly P&I
$811/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,030/mo
incl. taxes & insurance
Income Needed
$41,200
gross annual (30% rule)
10% Down Option
$15,555
+ PMI applies
Loan Amount (20% dn)
$124,440
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 Pipestone, MN?
The median home value in Pipestone is $155,550 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Pipestone?
Over the past year, home values in Pipestone have increased by 5.9%. Over five years, prices have risen approximately 25.1%.
How much do I need to earn to buy a home in Pipestone?
To comfortably afford the median home price of $155,550 with a 20% down payment ($31,110) at today's rates (6.8%), you'd need a gross annual income of approximately $41,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Pipestone compare to the national average home price?
The national median home value is approximately $410,000. At $155,550, homes in Pipestone are 62% below the national average.