Real Estate Price Maphome prices by county

Pennington County, MN home prices

Pennington County, MN: the typical home is worth $194,578 as of 2026-05, down -3.5% over the past year and n/a since 2000. Listings run about $122/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Pennington County is falling and undervalued — very affordable for what people here earn.

Momentum-3.5%Falling
Valuation-29%Undervalued
Affordability10/10Very affordable
Market94 daysBuyer's market

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1992: $93,809 → 2026: $194,578 (2.1×) pre-2000 estimated via FHFA index

Typical value$194,5782026-05
1-year-3.5%
5-year-2.4%
10-year+1.5%
Since 2000n/a
Population13k2024
Median income$73,1042023 · 2.7× income
New homes/yr102024
Price / sq ft$122listings
Days on market942026-06
Active listings532026-06
Price cuts13%of listings

Market read

At $194,578, homes in Pennington County sit 29% below the Minnesota median ($272,151) and 17% below the US median ($233,954). That ranks #77 of 87 Minnesota counties by price.

Prices are cooling (-3.5% in the last year) — leaning buyer's market.

Homes here take a while to sell — a median 94 days on the market, with 13% of listings cutting their asking price.

At 2.7× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~29% cheap for local incomes and rents — a relative bargain.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

🔗 Embed this on your site (free)

Copy-paste to show the live Pennington County price card anywhere — includes a link back to the full data:

Nearby counties

Red Lake County, MN ($214,356) · Marshall County, MN ($209,993) · Polk County, MN ($250,344) · Clearwater County, MN ($249,794) · Roseau County, MN ($225,925) · Beltrami County, MN ($267,423)

Frequently asked questions

What is the average home price in Pennington County, MN?
The typical home in Pennington County is worth $194,578 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Pennington County rising or falling?
Prices are down -3.5% over the past year and n/a since 2000 — a buyer's market.
Is Pennington County affordable?
At 2.7× the local median income of $73,104, Pennington County is more affordable than the typical US county.
How fast do homes sell in Pennington County?
Homes here take a median of 94 days to sell, with 13% of listings cutting their asking price.
Median home value by year
YearMedian home value
2009$152,562
2010$145,690
2011$135,989
2012$145,260
2013$160,562
2014$176,692
2015$182,289
2016$194,454
2017$197,217
2018$195,067
2019$191,198
2020$193,594
2021$201,378
2022$221,249
2023$214,482
2024$205,729
2025$199,381