Pennington, MN 56663 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pennington, MN—56663

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

$32,200

29.4% YoY Growth

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Pennington, MN

Pennington, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Pennington, MN

Pennington, MN lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

8.3%

2 Bedrooms

41.7%

3 Bedrooms

50.0%

Property Listings — Pennington, MN

Pennington, MN lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — Pennington, MN

As of the latest ACS Survey released in 2023, Pennington, MN has a population of 262, which has increased by 62.7% over the past 5 years. Pennington, MN is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 9.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	262	62.7%
% Under 18	25.6%	71.8%
% Seniors	19.8%	-3.4%
% WFH	3.2%	∞%
% w/ College Degree	9.8%	-8.4%

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As of the latest ACS Survey released in 2023, Pennington, MN is a predominantly white area, with 47.3% of the population identifying as white. The white population has shrunk by 22.3% in the last 5 years. The second most common race or ethnicity in Pennington, MN is black, making up 0.0% of the population. Foreign-born residents account for 1.9% of the population in Pennington, MN, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	47.3%	-22.3%
% Black	0.0%	N/A
% Hispanic	0.0%	N/A
% Asian	0.0%	N/A
% Foreign Born	1.9%	∞%

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Mortgage and Risk — Pennington, MN

Pennington, MN lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Pennington, MN

Pennington, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$780
2 Bedroom	N/A	N/A	$1,010
3 Bedroom	N/A	N/A	$1,220
4 Bedroom	N/A	N/A	$1,440

Pennington, MN—56663

Key Metrics at a Glance

Home Price Trends — Pennington, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pennington, MN

% of Rental Stock

Property Listings — Pennington, MN

Demographics — Pennington, MN

Race and Ethnicity

Mortgage and Risk — Pennington, MN

Mortgages

Rentals and Section 8 — Pennington, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Pennington, MN

Home Price to Income Ratio

Pennington, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Cass Lake, MN

Dunbar, MN

Blackduck, MN

Hines, MN

Bena, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$32,200

Pennington, MN—56663

Key Metrics at a Glance

Home Price Trends — Pennington, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pennington, MN

% of Rental Stock

Property Listings — Pennington, MN

Demographics — Pennington, MN

Race and Ethnicity

Mortgage and Risk — Pennington, MN

Mortgages

Rentals and Section 8 — Pennington, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Pennington, MN

Home Price to Income Ratio

Pennington, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Cass Lake, MN

Dunbar, MN

Blackduck, MN

Hines, MN

Bena, MN

Frequently Asked Questions

What is the average home price in Pennington, MN 56663?

How have home prices in Pennington, MN 56663 changed over the past year?

What is the home price projection for Pennington, MN 56663?

What are the demographics of Pennington, MN 56663?

How long does it take homes to sell in Pennington, MN 56663?

What is the average rent price in Pennington, MN 56663?