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…
Pennington County is falling and undervalued — very affordable for what people here earn.
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
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 →
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?
Are home prices in Pennington County rising or falling?
Is Pennington County affordable?
How fast do homes sell in Pennington County?
| Year | Median 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 |