The story of this market
The typical home in Pennington County, South Dakota sells for about $359,000.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. Over the long run, values in this county have grown 214% since 2000. Last year 13 of 22 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,430 a month.
HUD sets the fair market rent for a 2-bedroom at $1,430 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+2.6%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+18.2%). Worst: 2010 (-0.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.8%
SD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,833
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.6%
2025 change
FHFA repeat-sales index, median of 22 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
54
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $40,777,156.
Mortgage activity
Home lending in this county
84.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 4880 | 2747 | 84.2% | 5.9% | $195,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Pennington County, South Dakota
Pennington County is currently experiencing a buyer's market with a median sale price of $359,000. The market shows modest year-over-year price growth of 2.6% and a median time to pending of approximately 32 days.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 2 ZIP reports
Median prices moved down 1.1% year over year.
Homes spend a median of 75 days on market with 3.8 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 8.8% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The county serves as a regional hub in western South Dakota with a diverse economy anchored by government, tourism, and services, supported by its status as the second most populous county in the state.
The rental market shows a median asking rent of $1,200 per month.
The economy is driven by government services, tourism, and a stable base as the second most populous county in South Dakota.
- Badlands National Park4.94.9 mi
- Wall Drug Store4.27.1 mi
- Ben Reifel Visitor Center4.718.4 mi
- Pinnacles Overlook4.91.8 mi
- Cedar Pass Campground4.218.3 mi
- Wall Drug Store4.27.1 mi
- Delta-09 Minuteman Missile Launch Facility4.75.5 mi
- Delta-01 Launch Control Facility4.814.7 mi
- Badlands National Park4.94.9 mi
- Ben Reifel Visitor Center4.718.4 mi
- Notch Trail4.818.6 mi
- Door Trail4.818.5 mi
- Fossil Exhibit National Recreation Trail4.615 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Data retrieved from Census Reporter profile for Pennington County, SD.