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Pennington, SD · ZIP 57702 · Census Tract 46103011200 · 2027–2030 outlook
Current modeled value
$294K
Downside (P10)
$250K
-15% by 2030
Base Case (P50)
$303K
+3% by 2030
Upside (P90)
$441K
+50% by 2030
Base case: +3% by 2030, with a forecast range from -15% to +50%. The model forecasts this with 65% confidence.
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Median Value | $163K | $165K | $160K | $162K | $163K | $188K | $201K | $230K | $249K | $290K | $294K | $292K | $302K | $303K |
| YoY Change | +1.5% | -3.1% | +0.9% | +1.1% | +15.1% | +7.1% | +14.3% | +8.2% | +16.4% | +1.4% | -0.7% | +3.5% | +0.3% | |
| Downside (P10) | $265K | $250K | $250K | |||||||||||
| Upside (P90) | $345K | $391K | $441K |
The forecast range is moderate for this market over this horizon. Near-term outcomes are fairly tight, but the confidence interval widens meaningfully by 2030.
1-Year Spread
$265K to $345K
27.4% of median
5-Year Spread
$250K to $441K
63.3% of median
Use these nearby areas to compare price level, upside potential, and forecast risk.
Areas with the most similar current median values
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Rapid City | $290K | $303K | +4.2% | |
| Central Pennington | $284K | $324K | +14.1% | |
| Box Elder | $266K | $290K | +9.0% | |
| Rapid City (Tract 010800) | $294K | $315K | +7.2% | |
| Rapid City (Tract 010904) | $276K | $295K | +6.9% | |
| Rapid City (Tract 011100) | $266K | $277K | +4.2% |
Nearby areas where the model expects higher 5-year price growth
| Area | Current Value | 5yr Expected | 5yr Change | Trend |
|---|---|---|---|---|
| Rapid City | $290K | $303K | +4.2% | |
| Central Pennington (Tract 010905) | $403K | $465K | +15.3% | |
| Central Pennington (Tract 010908) | $284K | $324K | +14.1% | |
| Rapid City area | $370K | $414K | +12.0% | |
| Rapid City (Tract 011001) | $332K | $371K | +11.9% | |
| Rapid City (Tract 010700) | $237K | $265K | +11.8% |
Nearby areas with narrower forecast ranges (less uncertainty)
| Area | Current Value | 5yr Expected | Spread | Trend |
|---|---|---|---|---|
| Rapid City | $290K | $303K | $191K | |
| Rapid City (Tract 010800) | $294K | $315K | $142K | |
| Rapid City (Tract 010700) | $237K | $265K | $124K | |
| Rapid City (Tract 010600) | $240K | $252K | $115K | |
| Rapid City (Tract 010400) | $210K | $230K | $112K | |
| Rapid City (Tract 010201) | $206K | $220K | $111K |
Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.
Model
Homecastr World Model (Schrödinger Bridge v12)
Forecast Horizon
2027 to 2030
Schema Version
forecast_queue
Citation
Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.
Data Sources
Deep dive into property-level home price forecasts for parcels in this area.