Housing in Penfield, IL is more affordable than the national average. The median value of a house in Penfield is $119,800, which is considerably lower than the US median value of $338,100. Unfortunately, with the current appreciation rate for housing in the US rising at 8.27%, prices are likely to increase over time. However, Penfield has a higher one year house appreciation rate at 8.72%, meaning that if you're looking for a more affordable place to live with slightly better appreciation rates than the national average then Penfield may be worth considering.
The median home cost in Penfield is $119,800. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Penfield is up 14.5%.
Average Age of Homes
- The median age of Penfield real estate is 52 years old
The Rental Market in Penfield
- Renters make up 36.0% of the Penfield population
- 0.0% of houses and apartments in Penfield, 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.