Penelope, TX Foreclosures
How much do homes sell for in Penelope, TX?
The average home price is currently $190,022.
In Penelope, TX, how many homes are available?
There are currently 1 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 $1,048,840.
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 charming small town known for its close-knit community and peaceful rural living. With a population under 500, it offers a slow-paced lifestyle with essential amenities and beautiful natural surroundings. The town provides a welcoming atmosphere for families and individuals looking to embrace a simpler way of life.
Current Market Conditions in Penelope, TX
The real estate market in Penelope, TX remains relatively stable, showing a modest increase in property values over the past year. As a small town, the market is not heavily influenced by outside investors, allowing for a grounded appreciation in housing prices. Demand for homes in Penelope is primarily driven by local buyers seeking to settle in a peaceful environment, often looking for starter homes or properties with land.
As interest rates remain low, many first-time homebuyers are entering the market, looking to take advantage of affordable pricing in Penelope. The overall market in Hill County contributes to a consistent demand, as buyers are increasingly attracted to rural living and the community-focused lifestyle that Penelope offers.
Home Value Estimator For Penelope, TX
There are currently 145 real estate properties
in Penelope, TX,
with a median automated valuation model (AVM) price
of $154,100.00. 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 $190,022.00, with the most expensive house
in Penelope, TX, topping out
at $1,048,840.00 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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