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These days, finding an affordable place to live in the Pine Island area can be challenging. Home prices in Pine Island are now at a median cost of $366,936, higher than the Minnesota average of $345,793.
The average cost of rent is $1,468/mo in Pine Island, primarily driven by the current value of real estate in the Pine Island area. In Pine Island, 16.24% of households rent, and 33.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pine Island is $9,288 per month. Households that rent pay about 15.81% of their income on rent here. Pine Island’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Zumbrota, MN: less expensive homes
- Douglas, MN: higher priced homes
- Oronoco, MN: higher priced homes
- Mazeppa, MN: less expensive homes
- Wanamingo, MN: less expensive homes
- Post Town, MN: higher priced homes
- Concord, MN: equally priced homes
- Mantorville, MN: equally priced homes
- Zumbro Falls, MN: equally priced homes
- Byron, MN: equally priced homes
Cities with Similar Populations
- Henly, TX: higher priced homes
- Dittmer, MO: less expensive homes
- Divide, CO: higher priced homes
- Dixon, MO: less expensive homes
- Donora, PA: less expensive homes
- Dover Plains, NY: less expensive homes
- Dover, TN: less expensive homes
- Dresher, PA: higher priced homes
- Durham, CA: higher priced homes
- Duryea, PA: less expensive homes
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