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Pennington County Housing Market

South Dakota · 66 counties · Ranked #2489 in home value

Below National Avg

Housing at a Glance

Median Home Value

$270,400

vs national$270,400 vs $281,900 national

Median Gross Rent

$1,066/mo

vs national$1,066 vs $1,163 national

Effective Tax Rate

1.13%

vs national+1.13% vs 1.02% national

Median Household Income

$70,768

vs national$70,768 vs $74,755 national

Affordability Ratio

3.8x

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

Rent Burden

29.0%

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

More Housing Data

Property Tax (Median)

$3,049

Tax as % of Home Value

1.13%

Monthly Owner Cost

$1,241

Renter Income

$42,853

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Frequently Asked Questions

What is the median home value in Pennington County?

The median home value in Pennington County is $270,400. This is below the national median of $281,900.

How much is rent in Pennington County?

The median gross rent in Pennington County is $1,066 per month.

What is the property tax rate in Pennington County?

The effective property tax rate in Pennington County is 1.13%. The median annual property tax bill is $3,049.

Is Pennington County affordable?

With a home-value-to-income ratio of 3.8x, Pennington County is moderately 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.