Expensive
Affordable
Affordable
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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 $305,572, lower than the North Carolina average of $323,314.
The average cost of rent is $1,084/mo in Penrose, primarily driven by the current value of real estate in the Penrose area. In Penrose, 11.45% of households rent, and 61.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penrose is $4,853 per month. Households that rent pay about 22.33% of their income on rent here. Penrose’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Little River, NC: equally priced homes
- Pisgah Forest, NC: equally priced homes
- Etowah, NC: higher priced homes
- Horse Shoe, NC: higher priced homes
- Cedar Mountain, NC: equally priced homes
- Laurel Park, NC: higher priced homes
- North Brevard, NC: higher priced homes
- Brevard, NC: higher priced homes
- Valley Hill, NC: higher priced homes
- Zirconia, NC: higher priced homes
Cities with Similar Populations
- Thackerville, OK: less expensive homes
- Fruitvale, TX: less expensive homes
- Fultonville, NY: less expensive homes
- Galatia, IL: less expensive homes
- Galien, MI: less expensive homes
- Garnerville, NY: higher priced homes
- Gilman, IL: less expensive homes
- Valley Falls, NY: less expensive homes
- Tombstone, AZ: less expensive homes
- White Plains, KY: less expensive homes
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