Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penobscot area can be challenging. Home prices in Penobscot are now at a median cost of $196,332, lower than the Pennsylvania average of $222,630.
The average cost of rent is $891/mo in Penobscot, primarily driven by the current value of real estate in the Penobscot area. While nearly 40.00% of residents own their homes outright in Penobscot, 5.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penobscot is $6,975 per month. Households that rent pay about 12.77% of their income on rent here. Penobscot's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Glen Summit, PA: equally priced homes
- Cambra, PA: equally priced homes
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- Bear Creek Village, PA: higher priced homes
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- Wilkes-Barre, PA: less expensive homes
Cities with Similar Populations
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- Shady Grove, NC: less expensive homes
- Shannon, AR: less expensive homes
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