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 $110,348, lower than the Texas average of $235,268.
The average cost of rent is $722/mo in Pennington, primarily driven by the current value of real estate in the Pennington area. While nearly 80.30% of residents own their homes outright in Pennington, 32.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington is $4,469 per month. Households that rent pay about 16.15% of their income on rent here. Pennington's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Friday, TX: higher priced homes
- Centralia, TX: equally priced homes
- Holly, TX: higher priced homes
- Kennard, TX: less expensive homes
- Nogalus, TX: higher priced homes
- Hopewell, TX: higher priced homes
- Smith Grove, TX: higher priced homes
- Ratcliff, TX: less expensive homes
- Apple Springs, TX: equally priced homes
- Cut, TX: higher priced homes
Cities with Similar Populations
- Wrigley, TN: higher priced homes
- Westbury, MN: higher priced homes
- Westfield, ME: less expensive homes
- Weston, PA: equally priced homes
- Grand River, OH: higher 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: equally priced homes
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