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These days, finding an affordable place to live in the Pennock area can be challenging. Home prices in Pennock are now at a median cost of $327,421, lower than the Minnesota average of $345,793.
The average cost of rent is $921/mo in Pennock, primarily driven by the current value of real estate in the Pennock area. In Pennock, 13.46% of households rent, and 41.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pennock is $7,766 per month. Households that rent pay about 11.86% of their income on rent here. Pennock’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Willmar, MN: less expensive homes
- Kerkhoven, MN: less expensive homes
- Spicer, MN: equally priced homes
- Sunburg, MN: less expensive homes
- New London, MN: equally priced homes
- Kandiyohi, MN: less expensive homes
- Murdock, MN: less expensive homes
- Raymond, MN: less expensive homes
- Svea, MN: less expensive homes
- Georgeville, MN: less expensive homes
Cities with Similar Populations
- Cleveland, NY: less expensive homes
- Hollis, OK: less expensive homes
- Londonderry, OH: less expensive homes
- Grand Isle, VT: higher priced homes
- Gnadenhutten, OH: less expensive homes
- Gearhart, OR: higher priced homes
- Iuka, IL: less expensive homes
- Dayton, PA: less expensive homes
- Cottonwood, ID: less expensive homes
- Collinwood, TN: less expensive homes
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