Pine River, MN 56474 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pine River, MN—56474

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$268,000

3.9% YoY Growth

Household Income

$55,700

23.0% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$650

N/A

1-Bed Rent

$650

N/A

2-Bed Rent

$2,000

N/A

3-Bed Rent

N/A

Home Price Trends — Pine River, MN

As of Nov '25, the median home price in Pine River, MN is $268,000, with a year-over-year change of 3.9%. This indicates that home prices in Pine River, MN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$268,000	3.9%
Single Family	$270,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.6%

1 Bedroom

24.3%

2 Bedrooms

38.8%

3 Bedrooms

16.0%

4 Bedrooms

10.7%

5+ Bedrooms

6.6%

Property Listings — Pine River, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Pine River, MN is 73. This is a increase of 25.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$362,000	-8.0%
Listing Count	30	69.0%
Listings as % of Homes	0.4%	69.0%
Days on Market	73	25.0%

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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%

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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%

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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%

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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

Pine River, MN—56474

Key Metrics at a Glance

Home Price Trends — Pine River, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pine River, MN

% of Rental Stock

Property Listings — Pine River, MN

Demographics — Pine River, MN

Race and Ethnicity

Mortgage and Risk — Pine River, MN

Mortgages

Rentals and Section 8 — Pine River, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Pine River, MN

Home Price to Income Ratio

Pine River, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Pequot Lakes, MN

Backus, MN

Hackensack, MN

Nisswa, MN

Crosslake, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$268,000
Median Household Income	$55,700

Pine River, MN—56474

Key Metrics at a Glance

Home Price Trends — Pine River, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pine River, MN

% of Rental Stock

Property Listings — Pine River, MN

Demographics — Pine River, MN

Race and Ethnicity

Mortgage and Risk — Pine River, MN

Mortgages

Rentals and Section 8 — Pine River, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Pine River, MN

Home Price to Income Ratio

Pine River, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Pequot Lakes, MN

Backus, MN

Hackensack, MN

Nisswa, MN

Crosslake, MN

Frequently Asked Questions

What is the average home price in Pine River, MN 56474?

How have home prices in Pine River, MN 56474 changed over the past year?

What is the home price projection for Pine River, MN 56474?

What are the demographics of Pine River, MN 56474?

How long does it take homes to sell in Pine River, MN 56474?

What is the average rent price in Pine River, MN 56474?