Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Pennington area can be challenging. Home prices in Pennington are now at a median cost of $191,797, lower than the Minnesota average of $269,934.
The average cost of rent is $860/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. While nearly 55.66% of residents own their homes outright in Pennington, 16.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington is $4,755 per month. Households that rent pay about 18.09% of their income on rent here. Pennington's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Cass Lake, MN: less expensive homes
- Farris, MN: equally priced homes
- Turtle River, MN: higher priced homes
- Schley, MN: less expensive homes
- Tenstrike, MN: equally priced homes
- Bemidji, MN: equally priced homes
- Hines, MN: equally priced homes
- Bena, MN: less expensive homes
- Laporte, MN: higher priced homes
- Blackduck, MN: less expensive homes
Cities with Similar Populations
- Flat Rock, IL: less expensive homes
- Gracey, KY: equally priced homes
- Gordonville, MO: equally priced homes
- Gilbert, LA: less expensive homes
- Garland, NE: higher priced homes
- Garden Prairie, IL: equally priced homes
- Fulton, OH: less expensive homes
- Frost, TX: less expensive homes
- Freedom, ME: less expensive homes
- Freedom, IN: less expensive homes
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