Pine Island, MN is a great place to live for those who want an affordable home. The median housing value in Pine Island is $331,800, which is slightly lower than the US house median value of $338,100. The 1 year house appreciation rate in Pine Island is 6.78%, which is slightly lower than the US average of 8.27%. Overall, this makes Pine Island an attractive option for those looking to purchase a home at a reasonable price point.
The median home cost in Pine Island is $331,800. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Pine Island is up 11.4%.
Average Age of Homes
- The median age of Pine Island real estate is 25 years old
The Rental Market in Pine Island
- Renters make up 28.2% of the Pine Island population
- 1.3% of houses and apartments in Pine Island, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.