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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 $305,917, lower than the New York average of $610,895.
The average cost of rent is $1,245/mo in Penfield, primarily driven by the current value of real estate in the Penfield area. In Penfield, 18.09% of households rent, and 42.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penfield is $9,918 per month. Households that rent pay about 12.56% of their income on rent here. Penfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Rochester, NY: less expensive homes
- Fairport, NY: equally priced homes
- Webster, NY: equally priced homes
- West Walworth, NY: less expensive homes
- Brighton, NY: less expensive homes
- Pittsford, NY: higher priced homes
- Macedon, NY: less expensive homes
- Egypt, NY: higher priced homes
- Irondequoit, NY: less expensive homes
- Walworth, NY: less expensive homes
Cities with Similar Populations
- Plainview, TX: less expensive homes
- Leesburg, GA: less expensive homes
- Lemont, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Lincolnia, VA: higher priced homes
- Little River, SC: equally priced homes
- Lochearn, MD: equally priced homes
- Lorton, VA: higher priced homes
- Louisville, CO: higher priced homes
- Oroville, CA: equally priced homes
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