Penelope, TX Foreclosures
How much do homes sell for in Penelope, TX?
The average home price is currently $190,639.
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 $1,042,030.
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, Texas is a small town located in Hill County that offers a quiet and peaceful lifestyle. Known for its friendly community and rural charm, it provides a perfect getaway from the hustle and bustle of city life. The area is characterized by scenic landscapes, open spaces, and a close-knit environment that attracts families and retirees alike.
Current Market Conditions in Penelope, TX
The Penelope real estate market has shown stability over the past year, characterized by modest price appreciation and a balanced inventory of homes. The demand for housing in the area is growing, particularly among buyers seeking affordable yet spacious homes. Recent developments in the town have added to its appeal, attracting interest from both first-time homebuyers and retirees.
As of late 2023, Penelope's market remains competitive due to low mortgage rates and rising interest in rural properties. Home sales have slightly increased, driven by buyers looking for quieter, suburban lifestyles amidst the ongoing changes in work-from-home trends.
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 $154,053.00. 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 $190,639.00, with the most expensive house
in Penelope, TX, topping out
at $1,042,030.00 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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