Pipestone, Minnesota.
Typical home $156,985 (+5.2% in a year).
to buy the typical home at today's mortgage rate — +$428 (+108%) since Jan 2020.
- 1 year
- Up $7,727 +5%
- $149,258$156,985 since Sep 2025
- 5 years
- Up $26,679 +20%
- $130,306$156,985 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Pipestone$824
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Pipestone, MN rose 5.2% over the past year — faster than the nation's +1.2%.
Living in Pipestone, Pipestone County, Minnesota
Pipestone is a city of 4,215 people in Pipestone County. Half its households earn more than $67,568 a year and half less, against $69,628 across Pipestone County; 13% of its people live below the poverty line. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Pipestone County was 4.1% in August 2026, and the county had 1.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Pipestone is a small city where most homes are lived in by their owners, and typical home values are modest. Household incomes run a little below the county's, and a fair number of residents live below the poverty line. Winters are cold, with January the coldest month and plenty of snow, while July brings warm summer days, and a moderate amount of rain and melted snow falls across the year.
Work. Many residents work in schools, hospitals and social care, with others in the building trades, shops and manufacturing. Among the largest workplaces in Pipestone are JBS Swift Pork Company Pipestone, the Pipestone Area School District and Pipestone County Medical Center. Getting to work takes little time, and few people work from home. Unemployment in Pipestone County is higher than a year ago, and the county has fewer jobs than the year before.
Things to do. Pipestone National Monument, an archaeological site, lies in or beside town. Split Rock Creek State Park, a protected area, is a short drive away. For a longer drive, Blue Mounds State Park is another protected area, and the Jasper Museum is a museum.
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- 1,838households
- 25%of adults have a degree
- 13%below the poverty line
- 13 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Pipestone County had 4,239 jobs in 2025, 1.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 5°; warmest in July, with highs near 82° and lows near 61°. About 40 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Pipestone weather station, a mile away (NOAA).
Largest workplaces in Pipestone
- JBS Swift Pork Company PipestonePork, primal and sub-primal cuts, made from purchased carcasses160
- Pipestone Area School DistrictSchool district146FTE
- Pipestone County Medical CenterCritical access hospital144FTE
- MN,Pipestone-GSS Pipestone Ridge-Nursing Care Facilities (Skilled Nursing Facilities)Nursing homes117
- ElementaryK-12 education83
- Coborn's Pipestone70
- Pipestone CountyGeneral public administration54
- US LBM HoldingsEngineered wood member manufacturing51
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 13 workplaces with 20 or more staff, 914 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- Cold wavesRelatively high
- Strong windRelatively high
- Ice stormsRelatively moderate
- HailRelatively moderate
- Tornadoesrelatively high in parts of PipestoneRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Pipestone’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Pipestone County.
Pipestone home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Pipestone$156,985
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Pipestone listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Pipestone20.73%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Pipestone40
New listings per month
Sellers arriving at the market.
- Pipestone8
Zip codes with a Pipestone address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Pipestone — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.