Pennington County, South Dakota home prices
Typical home $363,102 · +1.8% in a year · property tax 1.08%
The typical home in Pennington County is worth $363,102, 14% more than the South Dakota typical home ($317,874). Values changed +1.8% in the past year and +26.8% over five years. Homeowners here pay a median 1.08% of their home's value in property tax each year ($3,923 on the typical home), versus 1.04% statewide.
Mortgage on the typical Pennington County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $72,620 | $290,482 | $1,954 | $0 | $508 | $2,463 | $105,500 |
| 10% down | $36,310 | $326,792 | $2,198 | $136 | $508 | $2,843 | $121,800 |
| 5% down | $18,155 | $344,947 | $2,320 | $144 | $508 | $2,973 | $127,400 |
| 3.5% down (FHA) | $12,709 | $356,526 | $2,398 | $161 | $508 | $3,067 | $131,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.08% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in South Dakota · part of the Rapid City metro area.
South Dakota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Butte County | $360,624 | +3.7% | 0.93% |
| Union County | $355,956 | +2.7% | 1.1% |
| Lincoln County | $381,169 | +0.7% | 1.15% |
| Hamlin County | $340,142 | +12.2% | 1.11% |
| Codington County | $335,543 | +3.1% | 0.97% |
| Meade County | $393,336 | +4.5% | 1.01% |
| Brookings County | $327,004 | +6.1% | 1.13% |
| Minnehaha County | $325,224 | +1.3% | 1.14% |
| Moody County | $315,215 | +8.0% | 1.1% |
| Lake County | $312,689 | +2.4% | 1.03% |
Frequently asked questions
What is the average home price in Pennington County, SD?
The typical home value in Pennington County is $363,102 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Pennington County?
About $105,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Pennington County?
The median effective rate is 1.08% of home value a year (Census ACS 2024 5-year estimates).