Real Estate Price Maphome prices by county

Pennington County, SD home prices

Pennington County, SD: the typical home is worth $367,278 as of 2026-05, up +1.8% over the past year and n/a since 2000. Listings run about $249/sq ft…

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

Pennington County is cooling and overvalued — affordable for what people here earn.

Momentum+1.8%Cooling
Valuation+28%High bubble risk
Affordability7/10Affordable
Market46 daysBalanced

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

1978: $78,002 → 2026: $367,278 (4.7×) pre-2000 estimated via FHFA index

Typical value$367,2782026-05
1-year+1.8%
5-year+35.0%
10-year+89.4%
Since 2000n/a
Population115k2024
Median income$74,6412023 · 4.9× income
Median rent$1,412/mo2026 · 4.6% gross yield
New homes/yr1,1832024
Price / sq ft$249listings
Days on market462026-06
Active listings4632026-06
Price cuts14%of listings

Market read

At $367,278, homes in Pennington County sit 42% above the South Dakota median ($257,934) and 57% above the US median ($233,954). That ranks #5 of 50 South Dakota counties by price.

Prices are holding steady (+1.8% in the last year) — a balanced market.

Homes here move at a steady pace — a median 46 days on the market, with 14% of listings cutting their asking price.

At 4.9× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~28% expensive for local incomes and rents.

Renting looks cheaper — buying the typical home runs ~$1,813/mo (P&I, 20% down) vs $1,412/mo to rent.

Home value history

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

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Nearby counties

Custer County, SD ($515,651) · Meade County, SD ($396,878) · Lawrence County, SD ($451,134) · Jackson County, SD ($153,879) · Fall River County, SD ($285,181) · Butte County, SD ($355,089)

Frequently asked questions

What is the average home price in Pennington County, SD?
The typical home in Pennington County is worth $367,278 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Pennington County rising or falling?
Prices are up +1.8% over the past year and n/a since 2000 — a balanced market.
Is Pennington County affordable?
At 4.9× the local median income of $74,641, Pennington County is pricier than the typical US county.
What is the rental yield in Pennington County?
Median rent is $1,412/mo — a gross rental yield of 4.6% on the typical home.
How fast do homes sell in Pennington County?
Homes here take a median of 46 days to sell, with 14% of listings cutting their asking price.
Median home value by year
YearMedian home value
2008$166,425
2009$166,461
2010$164,869
2011$165,565
2012$169,070
2013$175,216
2014$180,510
2015$186,705
2016$194,437
2017$201,249
2018$210,542
2019$222,342
2020$240,028
2021$277,459
2022$336,783
2023$341,632
2024$350,045
2025$360,261