Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$363,102+1.8% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$78,713About 1.0× the local median income ($79,338): affordable for a typical household
Days on market55 daysFaster than a year ago: sellers have the edge
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Pennington County, SD is worth $363,102, up 1.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $333,194, so the area is 9.0% overvalued. It is a balanced market: homes take about 55 days to sell, listings are up 1% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $78,713 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,338. Typical rent is $1,453 a month, or $1,974 for a house. In the latest IRS figures, 688 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$363,102
Change in 1 year
+1.8%
Overvalued %
+9.0%
Show 7 more
Fair home value
$333,194
Change in 5 years
+26.8%
Zillow forecast, next 12 months
+3.7%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$1,968
Income needed to afford it
$78,713
Property tax rate
1.08%
Rent and investing
Typical rent
$1,453
Typical rent for houses
$1,974
Price-to-rent ratio
20.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,430
Gross rental yield
4.80%
Cap rate (estimate)
3.12%
Market activity
Listings vs a year ago
+0.8%
Days on market
55
Listings with a price cut
16.3%
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Homes for sale
530
Pending sales per 100 listings
32
Asking price per sq ft
$242
People and jobs
Median household income
$79,338
Population change (1 year)
+0.4%
Unemployment rate
3.1%
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Population
116,792
Income adjusted for cost of living
$88,944
Net moves in (IRS)
+688
Cost of living (US = 100)
89.2
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
78.6
Unhealthy air days a year
1
Show 4 more
Flood risk score
75.6
Wildfire risk score
97.2
Walkability (1 to 20)
7.5
Road, rail and air noise
54 dB
Questions people ask
Is Pennington County, SD overvalued?
Home prices in Pennington County, SD are slightly above what local incomes have historically supported: fair value is about $333,194, so the area is 9.0% overvalued.
Is Pennington County, SD a buyer's or seller's market?
Pennington County, SD is a balanced market: homes take about 55 days to sell, listings are up 1% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Pennington County, SD?
Home values in Pennington County, SD are up 1.8% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Pennington County, SD?
A household needs about $78,713 a year to afford the typical home in Pennington County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,338.