Pine County, MN real estate

What the numbers say

Pine County, MN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Pine County pay a median of $2,068 a year in property taxes on a median home value of $239,300, an effective rate of about 0.86%. The Minnesota average is 1.02%, which makes Pine County the #22 lowest-tax of 87 counties in the state with published tax data.

Renters pay a median of $877 a month, and $965 for a two-bedroom. At today's prices a typical home costs about 23 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $239,000 home here comes to about $1,577 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $68,000 a year (the median household here earns $71,146).