Zip 78576 (Penitas, TX) Housing

In Penitas, TX (78576), the median value of housing is $120,600. This is much lower than the US house median value of $338,100. However, the 1 year house appreciation rate in Penitas is 14.13%, which is higher than the national average of 8.27%. This suggests that housing prices are increasing at a faster rate in Penitas than they are nationally. With such high rates of appreciation, investing in Penitas real estate may be a great way to increase wealth over time.

The median home cost in Penitas (zip 78576) is $120,600. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Penitas (zip 78576) is up 23.4%.

Average Age of Homes

- The median age of Penitas (zip 78576) real estate is 16 years old

The Rental Market in Penitas (zip 78576)

- Renters make up 18.6% of the Penitas (zip 78576) population
- 4.7% of houses and apartments in Penitas (zip 78576), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Penitas, Texas	United States
	3,399.0	139,647,020.0
	20	42
	$120,600	$338,100
	23.4%	16.6%
	56.4%	57.0%
	75.5%	101.1%
	$19.31	$10.98
	$1,697	$2,690
	68.1%	57.4%
	10.3%	11.2%
	21.6%	31.4%
Vacant Housing
	4.7%	1.9%
	0.0%	0.4%
	1.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	19.3%	2.4%
	17.1%	2.8%
	3.4%	3.9%
	10.8%	4.5%
	6.1%	11.3%
	27.9%	13.0%
	11.9%	20.1%
	0.6%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	38.3%	13.6%
	38.3%	13.6%
	29.7%	13.6%
	8.4%	13.2%
	5.3%	14.8%
	29.7%	13.6%
	0.0%	10.0%
	0.3%	4.7%
	0.0%	12.2%

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