Similar to its nearby areas, it's a little less expensive compared to the rest of the country. Compared to the city of Minneapolis, it is a little less expensive.
Home prices
The value of the median home in Pine Island is $191,300. It is is very similar in comparison to the surrounding areas.Compared to the rest of the nation it is approximately $26,200 (12%) lower, and is about $60,300 (23%) lower in comparison to the city of Minneapolis.
Rents
In Pine Island the median monthly rent is $644. It is roughly $155 (19%) lower in comparison to other places in this area.In comparison to the rest of the nation it is about $418 (39%) lower, and in comparison to the city of Minneapolis it is roughly $383 (37%) lower.
Nearby places
Oronoco
Oronoco is Pine Island's neighbor to the southeast. Its housing prices are substantially more expensive. The cost of the median home in Oronoco is $308,100, which comes out to $116,800 (37%) higher than Pine Island. The rent there is somewhat more expensive. In Oronoco the median rent is $938 per month, which is $294 (31%) higher than Pine Island.
Mazeppa
Mazeppa is roughly 5 miles northeast of Pine Island. Housing prices there are a lot less expensive. Mazeppa's median home value is $143,900, which works out to $47,400 (32%) lower than Pine Island. Its rents are somewhat more expensive. Mazeppa's median rent is $850 per month, which is $206 (24%) higher than Pine Island.
Zumbrota
Zumbrota is about 6 miles north from Pine Island. Its housing prices are similar. The median home in Zumbrota costs $184,600, which is $6,700 (3%) lower than Pine Island. Rent there is a little more expensive. The median rent in Zumbrota is $713 per month, which works out to $69 (9%) higher than Pine Island.
Zumbro Falls
Zumbro Falls is roughly 9 miles northeast of Pine Island. Its real estate prices are somewhat less expensive. The median home in Zumbro Falls is valued at $160,700, which comes out to $30,600 (19%) lower than Pine Island. Rents there are a little more expensive. The median monthly rent in Zumbro Falls is $894, which is $250 (27%) higher than Pine Island.
Wanamingo
Wanamingo is about 9 miles northwest of Pine Island. The housing prices there are a little less expensive. The median home cost in Wanamingo is $151,500, which is $39,800 (26%) lower than Pine Island. Rent there is somewhat less expensive. Wanamingo's median monthly rent is $600, which is $44 (7%) lower than Pine Island.
