Pipestone, MN
Population 4,165 · Minnesota
About Pipestone, MN
Pipestone is a small town located in Minnesota with a population of 4,165 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,442 per year, which is 18% below the national median of $75,149. The median age of 39 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Pipestone features a median home value of $102,000, which is 58% below the national median of $244,900. This makes Pipestone one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $722, 38% below the national average of $1,163/month. Of the 2,001 total housing units, 74% are owner-occupied (1,350 units) and 26% are renter-occupied (486 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Pipestone shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 16.0%, above the national average of 12.4%. Workers in Pipestone have an average one-way commute time of 13.3 minutes, one of the shorter commutes in the region.
Education & Demographics
24.1% of Pipestone residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.7% White, 3.3% Hispanic or Latino, 1.4% Black or African American, and 1.2% Asian residents, with 5.1% of the population being foreign-born.
Cost of Living in Pipestone, MN
Compared to national averages, Pipestone has a median household income of $61,442 (18% below the national median of $75,149). Home values average $102,000, which is 58% below the national median. Monthly rent at $722 is 38% below the US average of $1,163. Within Minnesota, Pipestone's income is 17% below the state average of $74,221, and home values are 50% below the state median of $204,472.
Why Live in Pipestone, MN?
Pipestone offers affordable housing with a median home value of $102,000, below the US average of $244,900, and rent that’s lower than the national average at $722/month, and short commute times averaging just 13.3 minutes.
Potential considerations include median household income ($61,442) that falls below the national average. However, Pipestone’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Pipestone has a population of 4,165 with a median age of 39 years. Compare Pipestone with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Pipestone
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cold Spring | 4,201 | $72,022 | $242,000 | Compare |
| Le Sueur | 4,204 | $71,563 | $216,700 | Compare |
| Rice Lake | 4,120 | $95,347 | $283,700 | Compare |
| Columbus | 4,211 | $117,917 | $439,200 | Compare |
| Cannon Falls | 4,216 | $80,515 | $262,100 | Compare |
| Goodview | 4,104 | $75,375 | $215,200 | Compare |
| Park Rapids | 4,226 | $45,800 | $218,500 | Compare |
| St. Charles | 4,021 | $96,544 | $231,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Pipestone With Other Cities
Frequently Asked Questions about Pipestone
What is the population of Pipestone, MN?
The population of Pipestone, MN is 4,165 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Pipestone?
The median household income in Pipestone, MN is $61,442 per year, which is 18% below the national median of $75,149.
What is the median home value in Pipestone?
The median home value in Pipestone, MN is $102,000, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Pipestone?
The median monthly rent in Pipestone, MN is $722, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Pipestone?
The unemployment rate in Pipestone, MN is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Pipestone, MN a good place to live?
Pipestone offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 4,165 and a median age of 39, the city appeals to a broad range of residents.
How educated is Pipestone, MN?
24.1% of residents in Pipestone aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Pipestone?
Key cost-of-living indicators for Pipestone, MN: median home value is $102,000 (58% below national), median rent is $722/month, and median household income is $61,442. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Pipestone?
The poverty rate in Pipestone, MN is 16.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Pipestone, MN?
Pipestone's population is 6.7% White, 3.3% Hispanic or Latino, 1.4% Black or African American, 1.2% Asian, and 1.8% two or more races. 5.1% of residents are foreign-born.