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These days, finding an affordable place to live in the Penelope area can be challenging. Home prices in Penelope are now at a median cost of $162,843, lower than the Texas average of $322,096.
The average cost of rent is $1,096/mo in Penelope, primarily driven by the current value of real estate in the Penelope area. In Penelope, 15.74% of households rent, and 59.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penelope is $5,497 per month. Households that rent pay about 19.94% of their income on rent here. Penelope’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Birome, TX: equally priced homes
- Malone, TX: equally priced homes
- Hoen, TX: higher priced homes
- Hubbard, TX: less expensive homes
- Mount Calm, TX: less expensive homes
- Abbott, TX: higher priced homes
- Irene, TX: higher priced homes
- Bynum, TX: higher priced homes
- Tours, TX: higher priced homes
- Leroy, TX: higher priced homes
Cities with Similar Populations
- Gandsi, MS: equally priced homes
- Glenwood, WA: higher priced homes
- Glennonville, MO: less expensive homes
- Gillespie, VA: less expensive homes
- Geraldine, MT: higher priced homes
- Gentilly, MN: higher priced homes
- Geneva, GA: less expensive homes
- Gazelle, CA: higher priced homes
- Gay Hill, TX: higher priced homes
- Garden Grove, IA: less expensive homes
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