Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penn area can be challenging. Home prices in Penn are now at a median cost of $117,200, lower than the Alabama average of $185,232.
The average cost of rent is $738/mo in Penn, primarily driven by the current value of real estate in the Penn area. While nearly 32.05% of residents own their homes outright in Penn, 18.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penn is $5,799 per month. Households that rent pay about 12.73% of their income on rent here. Penn's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Massey, AL: higher priced homes
- Danville, AL: higher priced homes
- Oakville, AL: equally priced homes
- Upshaw, AL: equally priced homes
- Oak Ridge, AL: higher priced homes
- Tanner Heights, AL: higher priced homes
- Inmanfield, AL: equally priced homes
- Hartselle, AL: higher priced homes
- Falkville, AL: equally priced homes
- New Georgia, AL: equally priced homes
Cities with Similar Populations
- Kingdom, IL: higher priced homes
- Johnstown, MO: higher priced homes
- Joker, WV: less expensive homes
- Josserand, TX: less expensive homes
- Julia, WV: less expensive homes
- Kamalo, HI: higher priced homes
- Kapulena, HI: higher priced homes
- Kayford, WV: less expensive homes
- Kealia, HI: higher priced homes
- Keller, IN: higher priced homes
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