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These days, finding an affordable place to live in the Penrose area can be challenging. Home prices in Penrose are now at a median cost of $241,089, lower than the Illinois average of $300,242.
The average cost of rent is $935/mo in Penrose, primarily driven by the current value of real estate in the Penrose area. In Penrose, 10.70% of households rent, and 48.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penrose is $8,470 per month. Households that rent pay about 11.04% of their income on rent here. Penrose’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sterling, IL: less expensive homes
- Woosung, IL: equally priced homes
- Nelson, IL: less expensive homes
- Hazelhurst, IL: equally priced homes
- Coleta, IL: less expensive homes
- Milledgeville, IL: less expensive homes
- Polo, IL: less expensive homes
- Galt, IL: less expensive homes
- Rock Falls, IL: less expensive homes
- Prairieville, IL: equally priced homes
Cities with Similar Populations
- Sunrise, AZ: less expensive homes
- Fenwick Island, DE: higher priced homes
- Fetterman, WV: less expensive homes
- Fingerville, SC: less expensive homes
- Starrsville, GA: higher priced homes
- Steamboat Rock, IA: less expensive homes
- Sterling, PA: equally priced homes
- Stockholm, ME: less expensive homes
- Sullivan, NH: higher priced homes
- Summit Lake, WI: equally priced homes
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