Market Overview
Home Prices in Pennock, MN
The median home value in Pennock, MN is $305,933 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pennock are priced25% below average. Pennock is part of the Willmar, MN metro area.
Over the past five years, Pennock home values have risen by approximately25.8%, reflecting strong long-term appreciation in this market.
Price History
Pennock Home Price Trend
City Comparison
Pennock vs. National Median
At $305,933, homes in Pennock cost 25% below the national median of $410,000. This makes Pennock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pennock?
20% Down Payment
$61,187
on $305,933
Monthly P&I
$1,596/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,027/mo
incl. taxes & insurance
Income Needed
$81,080
gross annual (30% rule)
10% Down Option
$30,593
+ PMI applies
Loan Amount (20% dn)
$244,746
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pennock, MN?
The median home value in Pennock is $305,933 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Pennock?
Over the past year, home values in Pennock have increased by 3.5%. Over five years, prices have risen approximately 25.8%.
How much do I need to earn to buy a home in Pennock?
To comfortably afford the median home price of $305,933 with a 20% down payment ($61,187) at today's rates (6.8%), you'd need a gross annual income of approximately $81,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Pennock compare to the national average home price?
The national median home value is approximately $410,000. At $305,933, homes in Pennock are 25% below the national average.
What metro area is Pennock part of?
Pennock is part of the Willmar, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.