Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Pennington area can be challenging. Home prices in Pennington are now at a median cost of $72,400, lower than the Alabama average of $185,232.
The average cost of rent is $326/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. While nearly 87.38% of residents own their homes outright in Pennington, 23.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington is $3,073 per month. Households that rent pay about 10.61% of their income on rent here. Pennington's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Tompkinsville, AL: equally priced homes
- Jachin, AL: higher priced homes
- Lavaca, AL: higher priced homes
- Myrtlewood, AL: less expensive homes
- Mollie, AL: equally priced homes
- Nanafalia, AL: higher priced homes
- Halsell, AL: equally priced homes
- Ward, AL: less expensive homes
- Sweet Water, AL: equally priced homes
- Lisman, AL: equally priced homes
Cities with Similar Populations
- Steele, KY: less expensive homes
- Hayden, MO: higher priced homes
- Healing Springs, VA: higher priced homes
- Heber, AZ: higher priced homes
- Henderson, AR: higher priced homes
- High Point, AL: higher priced homes
- Hurstville, IA: higher priced homes
- Iliff, CO: higher priced homes
- South Ponte Vedra Beach, FL: higher priced homes
- Speedwell, VA: higher priced homes
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