Pennville, IN has a median housing value of $120,500 which is much lower than the US average of $338,100. In addition, Pennville's 1 year house appreciation rate was 13.04%, almost double the national average of 8.27%. This could indicate that the housing market in Pennville is rapidly improving compared to other parts of the country and could be an attractive area for prospective homebuyers who are looking for a more affordable option.
The median home cost in Pennville is $120,500. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Pennville is up 15.1%.
Average Age of Homes
- The median age of Pennville real estate is 48 years old
The Rental Market in Pennville
- Renters make up 29.3% of the Pennville population
- 2.1% of houses and apartments in Pennville, 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.