The housing market in Penbrook, PA is quite strong compared to the national average. The median value of homes in Penbrook is $130,600, significantly lower than the national median of $338,100. However, the 1 year appreciation rate for homes in Penbrook is higher than the national rate of 8.27%. In fact, Penbrook's appreciation rate for homes is 12.81%, suggesting that it may be a good time to invest in the real estate market there. With its low median price and high appreciation rate, Penbrook could be an attractive option for those looking to buy or invest in a home.
The median home cost in Penbrook is $130,600. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Penbrook is up 11.7%.
Average Age of Homes
- The median age of Penbrook real estate is 72 years old
The Rental Market in Penbrook
- Renters make up 43.7% of the Penbrook population
- 4.1% of houses and apartments in Penbrook, 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.