Penelope, TX Foreclosures
How much do homes sell for in Penelope, TX?
The average home price is currently $207,507.
In Penelope, TX, how many homes are available?
There are currently 4 active home listings available in Penelope.
What’s the average rental cost in Penelope, TX?
The average rental price in Penelope is $1,112.
What is the most expensive home in Penelope?
The most expensive home sold in Penelope had a price of $1,049,513.
What is currently the cheapest priced home in Penelope, TX?
The cheapest home for sale in Penelope is priced at $30,400.
Living in Penelope, TX
Penelope, TX is a quaint and peaceful town in Hill County known for its rural charm and tight-knit community. Residents benefit from beautiful open spaces and outdoor activities while enjoying a slower pace of life. The area offers essential amenities and fosters a welcoming environment for newcomers and families alike.
Current Market Conditions in Penelope, TX
The real estate market in Penelope shows a steady demand for homes, with prices remaining relatively stable over the past several months. The appeal of rural living and the proximity to larger cities make it a desirable location for families and retirees alike. As more individuals seek homeownership away from city stresses, the demand for properties in Penelope continues to grow.
Investors and first-time homebuyers are increasingly looking at Penelope as an affordable entry point into homeownership in a serene environment. The town's housing market is characterized by single-family homes that attract buyers with varying budgets, contributing to a diverse community.
Overall, the trend in Penelope indicates a balanced market, with the supply of homes keeping up with the demand, thus making it a favorable environment for real estate investment.
Home Value Estimator For Penelope, TX
There are currently 160 real estate properties
in Penelope, TX,
with a median automated valuation model (AVM) price
of $167,580.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penelope, TX, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Penelope, TX,
is $207,507.00, with the most expensive house
in Penelope, TX, topping out
at $1,049,513.00 and the cheapest home
in Penelope, TX,
clocking in at $30,400.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penelope, TX!
Rent Prices
In Penelope, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penelope, TX, is on
a rollercoaster ride. The
average rent price in Penelope, TX,
is $1,112.00. Indeed, when looking to rent in
Penelope, TX, you can expect to pay as little
as $680.00 or as much
as $1,810.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Penelope, TX
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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