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Pennock

Learn about the people, housing, costs and businesses in Pennock, Minnesota

Median Home$327,400
Median Rent$946/month
Population451
Leading IndustriesPublic Administration · Manufacturing · Transportation29% public administration
Home Value Growth⬆⬆+19.7% over 2 years
Young Adults28% of residentsnear the national average
Homeowners88% of occupied units
NotableTransit84/100 · excellent transit access
NotableHigh Incomes$114k/year · top 11% nationally
Pennock
MN

Frequently Asked Questions

What are today's mortgage rates in Pennock?

As of today, the 30-year fixed mortgage rate for Pennock is approximately 7.208% (7.256% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Pennock?

The median home value in Pennock is $327k. The median monthly rent is $946. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pennock?

Home values in Pennock have increased 19.7% over the past two years. This indicates a strong appreciation trend. 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 Pennock?

Based on a typical all-in ownership cost of $1,352/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pennock is $114k/year.

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What industries drive the economy in Pennock?

The largest employment sectors in Pennock are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.