The housing market in Penney Farms, FL is strong and thriving. The median value of homes in Penney Farms is $241,200, which is significantly lower than the US house median value of $338,100. This makes home ownership more accessible for individuals living in Penney Farms. Despite the lower median value, the 1 year house appreciation for homes in Penney Farms is 18.62%, which is significantly higher than the 8.27% appreciation rate for houses across the United States. This indicates that there's a high demand for residences in Penney Farms, making it a great place to invest in real estate.
The median home cost in Penney Farms is $241,200. Home appreciation the last 10 years has been 146.1%. Home Appreciation in Penney Farms is up 26.2%.
Average Age of Homes
- The median age of Penney Farms real estate is 43 years old
The Rental Market in Penney Farms
- Renters make up 71.6% of the Penney Farms population
- 0.0% of houses and apartments in Penney Farms, 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.