Cost of Living in Pipestone County, Minnesota

$731/mo

Median Monthly Rent

$126,700

Median Home Value

20% below state averageUnaffordable

At a Glance

Median Monthly Rent

$731/mo

20% below state average

Median Home Value

$126,700

55% below national

Rent-to-Income Ratio

29.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Pipestone County Compares

Median monthly rent comparison

Pipestone County$731/mo

Minnesota Average$915/mo

National Median$1,163/mo

Detailed Housing Stats

$731/mo

Median Gross Rent

$126,700

Median Home Value

$787/mo

Monthly Owner Cost

29.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Pipestone County, Minnesota

Pipestone punches well above affordability average

Pipestone County boasts Minnesota's lowest rent-to-income ratio at 13.3%, comfortably below both the national average of 14.5% and state average of 14.5%. Despite a median income of $66,073—the lowest among these eight counties—Pipestone delivers exceptional housing affordability.

Most affordable rental market in comparison group

Pipestone County leads this cohort with a 13.3% rent-to-income ratio, well below Minnesota's 14.5% average. The median rent of just $731 is nearly $200 cheaper than the state median of $915.

Unbeatable rents across the region

Pipestone's $731 monthly rent substantially undercuts all regional peers—Pennington ($900), Pine ($873), Polk ($843), and others. Homeownership costs ($787/month) are equally competitive, making Pipestone the region's affordability champion.

Housing costs consume smallest income slice

Pipestone's $66,073 median income paired with $731 rent means renters spend just 13.3% on housing—well below the comfort threshold. Homeowners pay $787 monthly, or roughly 14.2%, making both renting and owning highly affordable.

Pipestone: where affordability really shines

Relocating to Pipestone means stretching your paycheck further than almost anywhere in Minnesota. With rent near $731 and home values around $126,700, Pipestone is ideal for those prioritizing housing affordability over metro-area amenities.

Affordability Calculator

See how your income compares to housing costs in Pipestone County

Your Annual Household Income

Rent Burden

13.3%

of gross income

Max Housing (28% Rule)

$1,542

per month

Owner Cost Burden

14.3%

of gross income

You can likely afford the median home in Pipestone County

Median home value is $126,700. Estimated monthly cost: $1,011 vs. your max of $1,542.

Rent Affordability Guide

Your rent-to-income ratio13.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Pipestone County, Minnesota?

Pipestone County, Minnesota has a median monthly rent of $731/mo and a median home value of $126,700. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.

What is the median rent in Pipestone County?

The median gross rent in Pipestone County is $731/mo. This is 20% below state average for Minnesota.

Is Pipestone County affordable?

Pipestone County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Pipestone County's rent compare to the state average?

Pipestone County's median rent of $731/mo is 20% below state average of $915/mo for Minnesota.

What is the median home value in Pipestone County?

The median home value in Pipestone County, Minnesota is $126,700. This is 55% below the national median home value of $281,900.