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Pennington County Housing Market

Minnesota · 87 counties · Ranked #1775 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$188,900

vs national$188,900 vs $281,900 national

Median Gross Rent

$900/mo

vs national$900 vs $1,163 national

Effective Tax Rate

1.22%

vs national+1.22% vs 1.02% national

Median Household Income

$72,561

vs national$72,561 vs $74,755 national

Affordability Ratio

2.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,300

Tax as % of Home Value

1.22%

Monthly Owner Cost

$1,076

Renter Income

$48,580

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Frequently Asked Questions

What is the median home value in Pennington County?

The median home value in Pennington County is $188,900. This is below the national median of $281,900.

How much is rent in Pennington County?

The median gross rent in Pennington County is $900 per month.

What is the property tax rate in Pennington County?

The effective property tax rate in Pennington County is 1.22%. The median annual property tax bill is $2,300.

Is Pennington County affordable?

With a home-value-to-income ratio of 2.6x, Pennington County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.