Land Market Insights and Pricing in Pennington County, South Dakota

Pennington County, South Dakota, offers a diverse landscape for land buyers, from the rugged Black Hills National Forest in the west to rolling hills and agricultural lands in the east. The county is home to iconic landmarks like Mount Rushmore and Black Elk Peak, the highest point east of the Rockies. With Interstate 90 providing easy access, Pennington boasts a mix of recreational, agricultural, and development opportunities. The county's economy is anchored by educational and healthcare services, with a low unemployment rate of 3.3% and median home prices of $270,400, significantly below the national average. However, potential buyers should note the slightly higher-than-average property tax rate of 1.13%. From the unique geological formations of Badlands National Park to the forested areas ideal for tourism, Pennington County presents a range of options for land investment and enjoyment.