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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 $310,199, higher than the Ohio average of $236,816.
The average cost of rent is $2,002/mo in Penfield, primarily driven by the current value of real estate in the Penfield area. In Penfield, 7.79% of households rent, and 33.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penfield is $7,968 per month. Households that rent pay about 25.12% of their income on rent here. Penfield’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Litchfield, OH: less expensive homes
- Spencer, OH: less expensive homes
- Wellington, OH: less expensive homes
- Lagrange, OH: less expensive homes
- Huntington, OH: equally priced homes
- Pittsfield, OH: less expensive homes
- Grafton, OH: less expensive homes
- Homerville, OH: less expensive homes
- Lester, OH: higher priced homes
- North Eaton, OH: equally priced homes
Cities with Similar Populations
- Fenwick Hills, SC: higher priced homes
- Taos, MO: equally priced homes
- Tafton, PA: equally priced homes
- Swifton, AR: less expensive homes
- Grandy, MN: higher priced homes
- Grand Ridge, IL: less expensive homes
- Golden Beach, FL: higher priced homes
- Glenville, NC: higher priced homes
- Gishton, KY: less expensive homes
- Gable, SC: less expensive homes
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