The housing market in Penelope, TX is booming. According to the data, the median value of homes in Penelope is currently $168,100 which is much lower than the US median value of $338,100. What's even more impressive is that over the last year, home values have appreciated by 17.68%, which is nearly double the national average of 8.27%. This shows that Penelope's housing market is strong and growing quickly. It could be a great place to invest for those looking for a good return on their money.
The median home cost in Penelope is $168,100. Home appreciation the last 10 years has been 119.4%. Home Appreciation in Penelope is up 21.3%.
Average Age of Homes
- The median age of Penelope real estate is 60 years old
The Rental Market in Penelope
- Renters make up 8.3% of the Penelope population
- 0.0% of houses and apartments in Penelope, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.