Home Price Key
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These days, finding an affordable place to live in the Pennellwood area can be challenging. Home prices in Pennellwood are now at a median cost of $181,472, lower than the Michigan average of $196,062.
The average cost of rent is $833/mo in Pennellwood, primarily driven by the current value of real estate in the Pennellwood area. While nearly 38.44% of residents own their homes outright in Pennellwood, 8.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennellwood is $5,603 per month. Households that rent pay about 14.86% of their income on rent here. Pennellwood's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Berrien Springs, MI: equally priced homes
- Berrien Center, MI: less expensive homes
- Buchanan, MI: less expensive homes
- Sumnerville, MI: equally priced homes
- Hinchman, MI: higher priced homes
- Niles, MI: less expensive homes
- Hills Corners, MI: equally priced homes
- Glendora, MI: equally priced homes
- Buckhorn, MI: higher priced homes
- Eau Claire, MI: less expensive homes
Cities with Similar Populations
- Americus, KS: less expensive homes
- Warman, MN: equally priced homes
- Fannin, TX: equally priced homes
- Eldon, IA: less expensive homes
- West Kittanning, PA: less expensive homes
- West Mayfield, PA: less expensive homes
- West Union, MN: higher priced homes
- White Water, CA: higher priced homes
- Clarkfield, MN: less expensive homes
- Chico, WA: higher priced homes
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