Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penola area can be challenging. Home prices in Penola are now at a median cost of $230,100, lower than the Virginia average of $323,261.
The average cost of rent is $799/mo in Penola, primarily driven by the current value of real estate in the Penola area. While nearly 15.64% of residents own their homes outright in Penola, 15.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penola is $7,762 per month. Households that rent pay about 10.29% of their income on rent here. Penola's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- DeJarnett, VA: less expensive homes
- Shumansville, VA: less expensive homes
- Milford, VA: equally priced homes
- Blantons, VA: equally priced homes
- Golansville, VA: equally priced homes
- Lorne, VA: less expensive homes
- Bowling Green, VA: equally priced homes
- Ruther Glen, VA: equally priced homes
- Paige, VA: less expensive homes
- Taylorsville, VA: equally priced homes
Cities with Similar Populations
- Warren, CT: higher priced homes
- Eustis, NE: less expensive homes
- Excello, MO: less expensive homes
- Exeland, WI: less expensive homes
- Fairmount, TN: higher priced homes
- Farmers Mills, PA: equally priced homes
- Felt, ID: higher priced homes
- Fleetville, PA: less expensive homes
- Waukeenah, FL: less expensive homes
- Warren, TN: less expensive homes
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