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Pennington County

Learn about the people, housing, costs and businesses in Pennington County County

Median Home$198,546
Median Rent$913/month
Population13,791
Leading IndustriesTransportation · Retail · Construction20% transportation
Home Value Growth+5.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners72% of occupied units
NotableTransit74/100 · excellent transit access
NotableHigh Incomes$79k/year · top 23% nationally
Pennington County
MN

Frequently Asked Questions

What are today's mortgage rates in Pennington County?

As of today, the 30-year fixed mortgage rate for Pennington County is approximately 7.126% (7.158% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Pennington County
What is the median home price in Pennington County?

The median home value in Pennington County is $199k. The median monthly rent is $913. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pennington County?

Home values in Pennington County have increased 5.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Pennington County?

Based on a typical all-in ownership cost of $1,019/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pennington County is $79k/year.

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What industries drive the economy in Pennington County?

The largest employment sectors in Pennington County are transportation (20%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas