Pine Hill Park, MN56334

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$335,000
4.4% YoY Growth
Median Household Income
$67,300
14.9% 5-Year Growth
Days on Market
54
36.0% Shorter than last year
Home Price Forecast
N/A
Median Rent
$850
39.5% YoY Growth
1-Bed Rent
$595
11.1% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,600
N/A

Property Listings — Pine Hill Park, MN

As of Aug '25 and according to Realtor.com, the median days on market for a home in Pine Hill Park, MN is 54. This is an decrease of -36.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 62.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$409,00024.0%
Listing Count
39N/A
Listings as % of Homes0.3%N/A
Days on Market
54-36.0%
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Demographics — Pine Hill Park, MN

MetricLatest CensusYoY % Change
Population
5,7904.2%
% Under 18
22.3%16.1%
% Under 5N/AN/A
% Seniors
25.8%-0.4%
% WFH
9.7%98.0%
% w/ College Degree
28.9%7.0%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
94.1%-2.7%
% Black
1.0%66.7%
% Hispanic
1.4%0.0%
% Asian
0.8%100.0%
% Foreign Born
1.1%22.2%
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Mortgage and Risk — Pine Hill Park, MN

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Pine Hill Park, MN in that year was 72. 78.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 67.0%. Of those, 26.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Pine Hill Park, MN. Investor activity in Pine Hill Park, MN is low, as 4.0% of all loans are originated by investors. In 2023, 25.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
72N/AN/A
% Conventional Loans
78.0%N/AN/A
% Government Loans
22.0%N/AN/A
% Investor Loans
4.0%N/AN/A
% Second Loans
11.0%N/AN/A
% Cash Out Refinance
25.0%N/AN/A
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Rentals and Section 8 — Pine Hill Park, MN

As of 2024, the percent of homes in Pine Hill Park, MN under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
130
Total Units Section 8
100
% Rentals under Section 8
N/A
% Occupied Section 8
84.3%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$165$595$760
2 BedroomN/AN/A$1,000
3 Bedroom-$400$1,600$1,200
4 BedroomN/AN/A$1,330

Affordability — Pine Hill Park, MN

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio4.6N/AN/A
Median Home Price$335,000N/AN/A
Median Household Income$67,300N/AN/A

Pine Hill Park, MN — ZIP Code Boundary Map

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