
Home Price Key
These days, finding an affordable place to live in the Penntown area can be challenging. Home prices in Penntown are now at a median cost of $216,800, higher than the Indiana average of $175,617.
The average cost of rent is $717/mo in Penntown, primarily driven by the current value of real estate in the Penntown area. While nearly 41.51% of residents own their homes outright in Penntown, 3.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penntown is $5,182 per month. Households that rent pay about 13.84% of their income on rent here. Penntown's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Spades, IN: equally priced homes
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- Oak Forest, IN: less expensive homes
- Oldenburg, IN: equally priced homes
- Old Milan, IN: equally priced homes
Cities with Similar Populations
- Korbel, CA: higher priced homes
- Jack Springs, AL: less expensive homes
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- K. I. Sawyer Air Force Base, MI: equally priced homes
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- Kidder, SD: less expensive homes
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