Total monthly cost of ownership
Cost to Own a Home in Pipestone, Minnesota
A $102,000 home here costs
$959per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $435 higher every month — 83% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pipestone against Pipestone County and Minnesota
| Measure | Pipestone | Pipestone County |
|---|---|---|
| Median home value | $102,000 | $126,700 |
| Median property tax | $1,021 | $1,154 |
| Effective tax rate | 1.001% | 0.911% |
| Median gross rent | $722 | $731 |
| Population | 4,165 | 9,352 |
The weather behind that power bill
Pipestone sits in Pipestone County, which averages a high of 82.4°F in its hottest month and a low of 4.8°F in its coldest, with 28.59" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 637 cooling and 8,088 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Pipestone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pipestone County
Full Pipestone County cost breakdown · Every county in Minnesota
Common questions
How much does it cost to own a home in Pipestone?
A $102,000 home in Pipestone, Minnesota costs approximately $959 per month with 20% down at 6.66%. That is $524 principal and interest, $85 property tax, $44 homeowners insurance, $220 utilities and $85 set aside for maintenance.
What is the property tax rate in Pipestone?
Pipestone has an effective property tax rate of 1.001%, based on a median home value of $102,000 and median real estate taxes of $1,021. That is higher than the Pipestone County average of 0.911%.
What is the average home price in Pipestone?
The median owner-occupied home value in Pipestone, Minnesota is $102,000, against $126,700 across Pipestone County.
Is it cheaper to rent or buy in Pipestone?
Median gross rent in Pipestone is $722 a month, against $959 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pipestone — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Minnesota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.