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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 $201,103, lower than the Texas average of $322,096.
The average cost of rent is $841/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. In Pennington, 11.69% of households rent, and 79.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pennington is $3,777 per month. Households that rent pay about 22.27% of their income on rent here. Pennington’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Friday, TX: equally priced homes
- Centralia, TX: equally priced homes
- Holly, TX: equally priced homes
- Kennard, TX: less expensive homes
- Nogalus, TX: less expensive homes
- Hopewell, TX: equally priced homes
- Smith Grove, TX: less expensive homes
- Ratcliff, TX: less expensive homes
- Apple Springs, TX: less expensive homes
- Cut, TX: equally priced homes
Cities with Similar Populations
- Wrigley, TN: higher priced homes
- Westbury, MN: higher priced homes
- Westfield, ME: less expensive homes
- Weston, PA: less expensive homes
- Grand River, OH: equally priced homes
- White Hall, VA: higher priced homes
- Whiterocks, UT: higher priced homes
- Gonyon, VA: higher priced homes
- Gansville, LA: less expensive homes
- Gackle, ND: less expensive homes
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