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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 $207,069, lower than the Pennsylvania average of $288,156.
The average cost of rent is $816/mo in Penobscot, primarily driven by the current value of real estate in the Penobscot area. In Penobscot, 6.96% of households rent, and 45.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penobscot is $8,064 per month. Households that rent pay about 10.12% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glen Summit, PA: higher priced homes
- Cambra, PA: equally priced homes
- Mountain Top, PA: higher priced homes
- Laurel Run, PA: less expensive homes
- Ashley, PA: less expensive homes
- Forest Park, PA: equally priced homes
- Sugar Notch, PA: less expensive homes
- Bear Creek Village, PA: higher priced homes
- Warrior Run, PA: less expensive homes
- Wilkes-Barre, PA: less expensive homes
Cities with Similar Populations
- Shellsford, TN: equally priced homes
- Martwick, KY: less expensive homes
- Medway, KS: less expensive homes
- Sandhill, TX: less expensive homes
- Sellers, MO: less expensive homes
- Separ, NM: less expensive homes
- Sergeant, PA: less expensive homes
- Seville, IL: less expensive homes
- Shady Grove, NC: less expensive homes
- Shannon, AR: less expensive homes
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