Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penland area can be challenging. Home prices in Penland are now at a median cost of $211,154, lower than the Texas average of $235,268.
The average cost of rent is $753/mo in Penland, primarily driven by the current value of real estate in the Penland area. While nearly 46.95% of residents own their homes outright in Penland, 8.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penland is $6,414 per month. Households that rent pay about 11.75% of their income on rent here. Penland's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Smith Oaks, TX: less expensive homes
- Denison, TX: less expensive homes
- Bells, TX: equally priced homes
- Kemp, OK: less expensive homes
- Hendrix, OK: less expensive homes
- Knollwood, TX: equally priced homes
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- Colbert, OK: less expensive homes
- Sherman, TX: less expensive homes
Cities with Similar Populations
- Jones, GA: less expensive homes
- Wolco, OK: less expensive homes
- Witch Lake, MI: less expensive homes
- Jeffress, VA: equally priced homes
- Jericho, WI: equally priced homes
- Winterville, MS: less expensive homes
- Winston, VA: higher priced homes
- Johnsonville, WI: equally priced homes
- Jonathan, ID: higher priced homes
- Wolf Creek, WI: less expensive homes
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