House Prices

House Prices & Home Values Pennington, MN 2026


Average Data

average house price$169,900
average size per house1159 ft²
average price per ft²147 $ / ft²

05/21/2026 - The value range (VR) for house prices in Pennington, MN is $147/ sqft to $147/ sqft. An average home with 1159 sqft costs approximately $170,373 to $170,373. Pennington, MN includes 1 ZIP codes and it is located in Beltrami county. The lowest prices are found in ZIP 56663, while the highest are in ZIP 56663. The average price per sqare feet is $147. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Pennington

56663143 $ / ft²




Historical development of home values in Pennington

Year Estimated value (USD) Change vs. 2025
2010 $78,905 -53.6%
2011 $75,853 -55.4%
2012 $75,649 -55.5%
2013 $78,477 -53.8%
2014 $82,379 -51.5%
2015 $86,607 -49.0%
2016 $91,127 -46.4%
2017 $96,045 -43.5%
2018 $101,355 -40.3%
2019 $106,055 -37.6%
2020 $111,537 -34.4%
2021 $126,862 -25.3%
2022 $147,892 -13.0%
2023 $155,959 -8.2%
2024 $164,982 -2.9%
2025 $169,900 0.0%

Graph: estimated home values in Pennington over time (USD)



Example: 100% financing house in Pennington

Loan amount: $169,900

Interest rate: 6.00%

Fixed monthly payment: $1,018.64

Breakdown in the 1st month:
Interest portion: $849.50  –  Principal portion: $169.14

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,137.24 $2,086.39 $167,813.61
2 $10,008.56 $2,215.08 $165,598.53
3 $9,871.94 $2,351.70 $163,246.84
4 $9,726.89 $2,496.74 $160,750.09
5 $9,572.90 $2,650.74 $158,099.35
6 $9,409.41 $2,814.23 $155,285.12
7 $9,235.83 $2,987.81 $152,297.32
8 $9,051.55 $3,172.09 $149,125.23
9 $8,855.90 $3,367.73 $145,757.50
10 $8,648.19 $3,575.45 $142,182.05
11 $8,427.66 $3,795.97 $138,386.07
12 $8,193.53 $4,030.10 $134,355.97
13 $7,944.97 $4,278.67 $130,077.30
14 $7,681.07 $4,542.57 $125,534.73
15 $7,400.89 $4,822.74 $120,711.99
16 $7,103.44 $5,120.20 $115,591.79
17 $6,787.63 $5,436.00 $110,155.78
18 $6,452.35 $5,771.28 $104,384.50
19 $6,096.39 $6,127.24 $98,257.25
20 $5,718.48 $6,505.16 $91,752.09
21 $5,317.25 $6,906.38 $84,845.71
22 $4,891.28 $7,332.35 $77,513.35
23 $4,439.04 $7,784.60 $69,728.76
24 $3,958.90 $8,264.73 $61,464.02
25 $3,449.15 $8,774.49 $52,689.54
26 $2,907.96 $9,315.68 $43,373.86
27 $2,333.39 $9,890.25 $33,483.61
28 $1,723.38 $10,500.26 $22,983.36
29 $1,075.75 $11,147.89 $11,835.47
30 $388.17 $11,835.47 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Pennington, MN


1500 sqft3900 sqft
Ø selling price$266,806$567,567
Ø fast selling$242,551$510,811
Ø high price sale$291,060$624,324

In 2026, houses in Pennington, MN will be offered at an average price of $147 per square foot. A 1,500 sqft home priced at $266,806 is 22.31% more expensive per square foot than a 3,900 sqft home priced at $567,567. Home prices in Pennington, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $392,932. Sellers who can wait longer may achieve a higher price of up to $480,250.


Pennington, MN Travel and Living Guide

Overview

Pennington, MN is a small northern Minnesota community known for its quiet, rural character and friendly pace of life.
Set amid forests and lakes, Pennington, Minnesota offers easy access to classic North Woods scenery and year-round outdoor recreation.
When searching for information, note that Pennington, MN the community is distinct from Pennington County, Minnesota, which is a separate area.

Things to Do

Visitors enjoy fishing, paddling, hiking, and wildlife watching on nearby waters and multi-use trails throughout the seasons.
Fall colors and winter snow sports make Pennington a four-season destination for photographers and nature lovers.
Local events, regional heritage centers, and small-town eateries showcase northern traditions, handcrafts, and comfort fare.

Living and Practical Info

The local economy blends forestry, small businesses, outdoor services, and agriculture typical of rural northern Minnesota.
Housing options range from cabins and seasonal retreats to year-round homes, with real estate shaped by proximity to lakes and trail access.
Travelers can reach the area by regional highways and tap nearby towns for groceries, healthcare, and expanded services.
If you value quiet nights, starry skies, and authentic North Woods culture, Pennington, MN delivers a welcoming base for both residents and visitors.



FAQ – Home Values in Pennington

What is the median home value in Pennington in 2026?

In 2026, the typical home value in Pennington is about $169,900 for an average home size of 1159 square feet. This corresponds to an average price of roughly $147 per square foot.

What is the average cost per square foot in Pennington?

In 2026, homes in Pennington sell for an average of around $147 per square foot, with a typical range between $147 and $147 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Pennington is about 1159 square feet, with an estimated 2026 value around $169,900.



Locations close to Pennington, MN

Ponemah, MN38 $ / ft²
Puposky, MN153 $ / ft²
Ranier, MN42 $ / ft²
Outing, MN208 $ / ft²
Northome, MN43 $ / ft²
Mizpah, MN40 $ / ft²
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