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Pipestone, MN Home Values and Rents

The typical home value in Pipestone is $156,985, 346th highest of 363 cities and towns in Minnesota. Median rent is $740 a month.

Typical home value
$156,985
346th of 363 in MN
Median rent
$740/mo
ACS 2020-2024
Price change, 1 year
+5.2%
Sep 2026
Homeownership
70.1%
MN: 72.2%

Typical home value in Pipestone

Zillow Home Value Index, all homes, middle tier

Show as a table
PeriodPipestone
Sep 2026$156,985
Dec 2025$155,983
Dec 2024$150,564
Dec 2023$140,376
Dec 2022$137,257
Dec 2021$132,588
Dec 2020$121,432
Dec 2019$108,107
Dec 2018$108,416
Dec 2017$103,887
Dec 2016$101,656

Over five years, Pipestone prices changed +20.5%.

Source: Zillow Research · Last updated 09/01/2026

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Fair Market Rents, FY2027

HUD rent standard for Pipestone County, MN

MN rents
Unit sizeMonthly rentvs FY2026
Studio$706+5.2%
1 bedroom$775+4.4%
2 bedrooms$1,014+4.2%
3 bedrooms$1,209+0.5%
4 bedrooms$1,488-3.3%

Frequently asked questions

What is the typical home value in Pipestone, MN?
The typical home value in Pipestone is $156,985 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
How much is rent in Pipestone?
The median rent in Pipestone is $740 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
Are home prices going up in Pipestone?
The typical home value in Pipestone changed +5.2% over one year and +20.5% over five years, as of Sep 2026.
How does Pipestone compare with the rest of Minnesota?
Pipestone has the 346th highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.