Pennock, MN
Population 510 · Minnesota
About Pennock, MN
Pennock is a small community located in Minnesota with a population of 510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,846 per year, which is 8% below the national median of $75,149. The median age of 28.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Pennock features a median home value of $140,500, which is 43% below the national median of $244,900. This makes Pennock one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,098, 6% below the national average of $1,163/month. Of the 209 total housing units, 65% are owner-occupied (128 units) and 35% are renter-occupied (68 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Pennock shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Pennock have an average one-way commute time of 20.4 minutes.
Education & Demographics
8.1% of Pennock residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 16.7% White, 0.0% Hispanic or Latino, 2.4% Black or African American, and 0.2% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Pennock, MN
Compared to national averages, Pennock has a median household income of $68,846 (8% below the national median of $75,149). Home values average $140,500, which is 43% below the national median. Monthly rent at $1,098 is 6% below the US average of $1,163. Within Minnesota, Pennock's income is 7% below the state average of $74,221, and home values are 31% below the state median of $204,472.
Why Live in Pennock, MN?
Pennock offers affordable housing with a median home value of $140,500, below the US average of $244,900, and rent that’s lower than the national average at $1,098/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a low poverty rate of 11.8%, better than the national average, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($68,846) that falls below the national average. However, Pennock’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Pennock has a population of 510 with a median age of 28.5 years. Compare Pennock with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Pennock
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hampton | 510 | $106,111 | $305,700 | Compare |
| Franklin | 513 | $54,904 | $84,800 | Compare |
| Woodland | 505 | $189,107 | $1,220,600 | Compare |
| Rothsay | 504 | $83,125 | $135,000 | Compare |
| Argyle | 499 | $81,750 | $188,200 | Compare |
| Gem Lake | 521 | $146,250 | $536,600 | Compare |
| Milan | 498 | $50,625 | $70,000 | Compare |
| Sacred Heart | 522 | $63,125 | $57,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Pennock With Other Cities
Frequently Asked Questions about Pennock
What is the population of Pennock, MN?
The population of Pennock, MN is 510 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Pennock?
The median household income in Pennock, MN is $68,846 per year, which is 8% below the national median of $75,149.
What is the median home value in Pennock?
The median home value in Pennock, MN is $140,500, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Pennock?
The median monthly rent in Pennock, MN is $1,098, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Pennock?
The unemployment rate in Pennock, MN is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Pennock, MN a good place to live?
Pennock offers a moderate cost of living, affordable housing, and a strong job market. With a population of 510 and a median age of 28.5, the city appeals to young professionals and families.
How educated is Pennock, MN?
8.1% of residents in Pennock aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Pennock?
Key cost-of-living indicators for Pennock, MN: median home value is $140,500 (43% below national), median rent is $1,098/month, and median household income is $68,846. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Pennock?
The poverty rate in Pennock, MN is 11.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Pennock, MN?
Pennock's population is 16.7% White, 0.0% Hispanic or Latino, 2.4% Black or African American, 0.2% Asian, and 2.5% two or more races. 2.9% of residents are foreign-born.