What is the median home value in Penn Township, MN?
The median value of owner-occupied homes in Penn Township, MN is $295,500 (±$45,657), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Penn Township, the median home value went from $205,300 in 2015–2019 to $295,500 in 2020–2024 (+43.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $295,500 (±$45,657)
- Owner-occupied homes
- 104 (±24)
- Most common range
- $300,000 to $499,999
Home values in Penn Township
| Value | Penn Township | McLeod County | Minnesota | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.0% (±19.3 points) | 6.3% | 4.0% | 5.3% |
| $50,000 to $99,999 | 3.8% (±4.1 points) | 3.3% | 3.7% | 6.1% |
| $100,000 to $149,999 | 4.8% (±4.5 points) | 7.9% | 5.2% | 6.8% |
| $150,000 to $199,999 | 7.7% (±6.1 points) | 15.2% | 8.1% | 9.0% |
| $200,000 to $299,999 | 34.6% (±9.0 points) | 33.7% | 22.6% | 17.8% |
| $300,000 to $499,999 | 35.6% (±9.9 points) | 24.5% | 36.9% | 26.9% |
| $500,000 to $999,999 | 11.5% (±8.8 points) | 8.1% | 17.0% | 20.9% |
| $1,000,000 or more | 1.9% (±4.4 points) | 1.1% | 2.6% | 7.1% |
The most common range is $300,000 to $499,999, 35.6% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Penn Township against McLeod County, its state and the nation
| Penn Township | McLeod County | Minnesota | United States | |
|---|---|---|---|---|
| Median home value | $295,500 (±$45,657) | $246,100 (±$6,149) | $329,300 (±$903) | $332,700 |
| Owner-occupied homes | 104 (±24) | 11,781 (±357) | 1,666,687 (±7,556) | 84,210,142 |
In Penn Township, the median home value is higher than in McLeod County ($246,100).
It is not measurably different from Minnesota ($329,300).
It is not measurably different from the national figure ($332,700).
In McLeod County, Penn Township ranks 13 of 23 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 906 of 2,558.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Penn Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $205,300 (±$29,722) | $295,500 (±$45,657) | +43.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,495 (±$128) | $2,083 (±$315) | +39.3% | No measurable change after inflation |
| Median real estate taxes | $1,679 (±$228) | $2,655 (±$321) | +58.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Penn Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Penn Township | — | $295,500 (±$45,657) | — |
| New Auburn | 4.1 mi | $159,400 (±$14,954) | Lower |
| Brownton | 4.4 mi | $162,500 (±$14,995) | Lower |
| Round Grove Township | 5.5 mi | $265,000 (±$53,655) | Not measurably different |
| Transit Township | 6.0 mi | $273,400 (±$48,935) | Not measurably different |
| New Auburn Township | 6.2 mi | $300,000 (±$46,351) | Not measurably different |
| Sumter Township | 6.5 mi | $297,600 (±$24,847) | Not measurably different |
| Collins Township | 8.5 mi | $327,200 (±$24,023) | Not measurably different |
| Dryden Township | 8.5 mi | $421,200 (±$51,930) | Higher |
Nearby places with a measurably lower figure: New Auburn, MN ($159,400), Brownton, MN ($162,500).
Nearby places with a measurably higher figure: Dryden Township, MN ($421,200).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across McLeod County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 7 | Glencoe Township | $338,900 (±$28,978) |
| 8 | Collins Township | $327,200 (±$24,023) |
| 9 | Hassan Valley Township | $319,300 (±$44,579) |
| 10 | Rich Valley Township | $305,500 (±$36,782) |
| 11 | Hale Township | $302,300 (±$33,388) |
| 12 | Sumter Township | $297,600 (±$24,847) |
| 13 | Penn Township | $295,500 (±$45,657) |
| 14 | Round Grove Township | $265,000 (±$53,655) |
| 15 | Plato | $239,700 (±$40,212) |
| 16 | Lester Prairie | $237,400 (±$12,480) |
| 17 | Hutchinson | $229,600 (±$11,470) |
| 18 | Glencoe | $227,900 (±$10,702) |
| 19 | Silver Lake | $202,600 (±$27,063) |
Showing 13 of 23 places in McLeod County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Penn Township
What is the average home value in Penn Township, MN?
The Census Bureau publishes the median: $295,500 (±$45,657) for owner-occupied homes in Penn Township (2020–2024 American Community Survey).
Have home values in Penn Township gone up?
In Penn Township, the median home value went from $205,300 in 2015–2019 to $295,500 in 2020–2024 (+43.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Penn Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Penn township, McLeod County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Penn township, McLeod County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Penn township, McLeod County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Penn township, McLeod County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Penn township, McLeod County, Minnesota (county subdivision:50308, in state:27 county:085).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .