Pine River, MN—56474
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pine River, MN
As of Oct '25, the median home price in Pine River, MN is $270,000, with a year-over-year change of 4.0%. This indicates that home prices in Pine River, MN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 4.0% |
| Single Family | $271,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 6.0% |
3 Bed | $320,000 | 4.2% |
4 Bed | $375,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pine River, MN
Pine River, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pine River, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pine River, MN is 62. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -2.0% |
Listing Count | 35 | 94.0% |
| Listings as % of Homes | 0.4% | 94.0% |
Days on Market | 62 | 15.0% |
Demographics — Pine River, MN
As of the latest ACS Survey released in 2023, Pine River, MN has a population of 4,470, which has increased by 9.6% over the past 5 years. Pine River, MN is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,470 | 9.6% |
% Under 18 | 20.6% | 9.6% |
% Seniors | 25.0% | 5.9% |
% WFH | 7.4% | -25.3% |
% w/ College Degree | 21.9% | 23.0% |
As of the latest ACS Survey released in 2023, Pine River, MN is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Pine River, MN is hispanic, making up 1.7% of the population. Foreign-born residents account for 2.0% of the population in Pine River, MN, and this percentage has increased by 122.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.0% | -6.6% |
% Black | 0.4% | -50.0% |
% Hispanic | 1.7% | 240.0% |
% Asian | 1.4% | 7.7% |
% Foreign Born | 2.0% | 122.2% |
Mortgage and Risk — Pine River, MN
According to HUD data as of 2023, there were 69 mortgage originations in Pine River, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Pine River, MN. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pine River, MN
Pine River, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $650 | $810 |
| 2 Bedroom | -$1,000 | $2,000 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Pine River, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $270,000 |
| Median Household Income | $55,700 |