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Affordable
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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 $122,290, lower than the Pennsylvania average of $288,156.
The average cost of rent is $1,355/mo in Penn, primarily driven by the current value of real estate in the Penn area. In Penn, 26.52% of households rent, and 41.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penn is $4,757 per month. Households that rent pay about 28.49% of their income on rent here. Penn’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jeannette, PA: higher priced homes
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- Harrison City, PA: higher priced homes
- Claridge, PA: higher priced homes
- North Irwin, PA: higher priced homes
- Irwin, PA: higher priced homes
- Arona, PA: higher priced homes
Cities with Similar Populations
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- Fairchild Air Force Base, WA: higher priced homes
- Eugene, MO: higher priced homes
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