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These days, finding an affordable place to live in the Penfield area can be challenging. Home prices in Penfield are now at a median cost of $146,835, lower than the Illinois average of $300,242.
The average cost of rent is $950/mo in Penfield, primarily driven by the current value of real estate in the Penfield area. In Penfield, 18.92% of households rent, and 51.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penfield is $8,694 per month. Households that rent pay about 10.92% of their income on rent here. Penfield’s most expensive areas are in the western 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
- Gifford, IL: higher priced homes
- Armstrong, IL: higher priced homes
- Hope, IL: equally priced homes
- Potomac, IL: equally priced homes
- Royal, IL: higher priced homes
- Reilly, IL: higher priced homes
- Rantoul, IL: less expensive homes
- Clarence, IL: equally priced homes
- Collison, IL: equally priced homes
- Rankin, IL: less expensive homes
Cities with Similar Populations
- Frogtown, PA: higher priced homes
- Gomer, OH: higher priced homes
- Glendale, IN: higher priced homes
- Gifford, WA: higher priced homes
- Giese, MN: higher priced homes
- Gibbs, MO: less expensive homes
- Garrett Bridge, AR: equally priced homes
- Garland, PA: equally priced homes
- Gapway, SC: equally priced homes
- Fullerton, ND: equally priced homes
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