Housing in Pennington County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Pennington County averages $862/month for a 2‑bedroom in 2024, compared to the Minnesota median of $1,280 and the national median of $1,413. Local renters spend approximately 26% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Pennington County FMR Area are $845 for a studio, $934 for 1‑bedroom, $1,226 for 2‑bedroom, $1,635 for 3‑bedroom, and $1,783 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $364 increase for a 2-bedroom in Pennington County shows a 42% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Pennington County was 4.5% in 2024, compared to Minnesota at 3.0% and the national rate of 4.0%.

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Towns near Thief River Falls

City
County
State
Miles
Pennington
MN
0.0
Pennington
MN
5.7
Red Lake
MN
14.2
Red Lake
MN
14.5
Polk
MN
19.0
Red Lake
MN
19.3
Pennington
MN
19.4
Red Lake
MN
21.7
Polk
MN
23.7
Polk
MN
29.0
Polk
MN
29.0
Polk
MN
29.0
Polk
MN
29.3
Polk
MN
31.7
Polk
MN
31.7
Polk
MN
37.6
Polk
MN
37.6
Polk
MN
37.9
Polk
MN
38.6
Polk
MN
39.0
Polk
MN
43.1
Polk
MN
46.7

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