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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 $125,892, lower than the North Carolina average of $323,314.
The average cost of rent is $760/mo in Penny Hill, primarily driven by the current value of real estate in the Penny Hill area. In Penny Hill, 26.44% of households rent, and 58.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penny Hill is $5,362 per month. Households that rent pay about 14.17% of their income on rent here. Penny Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Princeville, NC: less expensive homes
- Tarboro, NC: higher priced homes
- Speed, NC: higher priced homes
- Mildred, NC: less expensive homes
- Lawrence, NC: higher priced homes
- Leggett, NC: less expensive homes
- Conetoe, NC: less expensive homes
- Wiggins Crossroads, NC: less expensive homes
- Mayos Crossroads, NC: less expensive homes
- Hobgood, NC: less expensive homes
Cities with Similar Populations
- Indian Castle, NY: higher priced homes
- Hubly, IL: higher priced homes
- Hudson, LA: less expensive homes
- Hull, WV: less expensive homes
- Hummels Wharf, PA: higher priced homes
- Humphrey Center, NY: higher priced homes
- Hunlock Gardens, PA: equally priced homes
- Hurdsfield, ND: less expensive homes
- Hutchins, PA: less expensive homes
- Independence, IL: less expensive homes
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