The Most Affordable Neighborhoods in Pennington County, SD by Home Value

 

Pennington County, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Pennington County area can be challenging. Home prices in Pennington County are now at a median cost of $242,230, higher than the South Dakota average of $199,518.

The average cost of rent is $957/mo in Pennington County, primarily driven by the current value of real estate in the Pennington County area. While nearly 43.63% of residents own their homes outright in Pennington County, 26.53% rent.

Housing affordability isn’t just about home prices, though. The average household income in Pennington County is $6,003 per month. Households that rent pay about 15.94% of their income on rent here. Pennington County's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the county.


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