Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penny Hill area can be challenging. Home prices in Penny Hill are now at a median cost of $84,274, lower than the North Carolina average of $226,477.
The average cost of rent is $764/mo in Penny Hill, primarily driven by the current value of real estate in the Penny Hill area. While nearly 43.11% of residents own their homes outright in Penny Hill, 27.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penny Hill is $3,908 per month. Households that rent pay about 19.55% of their income on rent here. Penny Hill's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Princeville, NC: equally priced homes
- Tarboro, NC: higher priced homes
- Speed, NC: higher priced homes
- Mildred, NC: equally priced homes
- Lawrence, NC: higher priced homes
- Leggett, NC: equally priced homes
- Conetoe, NC: equally priced homes
- Wiggins Crossroads, NC: equally priced homes
- Mayos Crossroads, NC: equally priced homes
- Hobgood, NC: equally priced homes
Cities with Similar Populations
- Indian Castle, NY: higher priced homes
- Hubly, IL: higher priced homes
- Hudson, LA: higher priced homes
- Hull, WV: less expensive homes
- Hummels Wharf, PA: higher priced homes
- Humphrey Center, NY: higher priced homes
- Hunlock Gardens, PA: higher priced homes
- Hurdsfield, ND: equally priced homes
- Hutchins, PA: less expensive homes
- Independence, IL: higher priced homes
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