Expensive
Affordable
Affordable
Colorblind friendly
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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 $393,866, higher than the Michigan average of $250,415.
The average cost of rent is $1,251/mo in Penn, primarily driven by the current value of real estate in the Penn area. In Penn, 7.45% of households rent, and 41.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penn is $8,262 per month. Households that rent pay about 15.14% of their income on rent here. Penn’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wakelee, MI: less expensive homes
- La Grange, MI: less expensive homes
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- Vandalia, MI: less expensive homes
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- Glenwood, MI: less expensive homes
- Calvin Center, MI: less expensive homes
- Dowagiac, MI: less expensive homes
- Jones, MI: less expensive homes
- Pokagon, MI: less expensive homes
Cities with Similar Populations
- Graymont, IL: less expensive homes
- Spencerburg, MO: less expensive homes
- Speedwell, KY: less expensive homes
- South Hills, SC: less expensive homes
- Soboba Hot Springs, CA: less expensive homes
- Snyder, CO: higher priced homes
- Smyrna, MS: less expensive homes
- Slocum, RI: higher priced homes
- Sharon, CA: equally priced homes
- Shandy, TN: less expensive homes
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