Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Penney Farms area can be challenging. Home prices in Penney Farms are now at a median cost of $319,956, lower than the Florida average of $396,783.
The average cost of rent is $1,608/mo in Penney Farms, primarily driven by the current value of real estate in the Penney Farms area. In Penney Farms, 60.57% of households rent, and 67.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penney Farms is $4,475 per month. Households that rent pay about 35.93% of their income on rent here. Penney Farms’s most expensive areas are in the northern 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
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Cities with Similar Populations
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