The Most Affordable Neighborhoods in Pennington, CA by Home Value

 

Pennington, CA Map of Most Affordable Neighborhoods
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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 $330,324, lower than the California average of $648,235.

The average cost of rent is $1,045/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. While nearly 35.61% of residents own their homes outright in Pennington, 28.44% rent.

Housing affordability isn’t just about home prices, though. The average household income in Pennington is $6,827 per month. Households that rent pay about 15.31% of their income on rent here. Pennington's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.


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