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Penermon

Learn about the people, housing, costs and businesses in Penermon, Missouri

Median Home$103,300
Median Rent$688/month
Population53
Leading IndustriesRetail · Professional Services · Public Administration15% retail
Home Value Growth⬆⬆+18.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners71% of occupied units
NotableAffordable Market$103k median home · lower cost than 91% of the country
Penermon
MO

Frequently Asked Questions

What are today's mortgage rates in Penermon?

As of today, the 30-year fixed mortgage rate for Penermon is approximately 7.047% (7.088% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Penermon?

The median home value in Penermon is $103k. The median monthly rent is $688. Annual property taxes average $731. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penermon?

Home values in Penermon have increased 18.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Penermon?

Based on a typical all-in ownership cost of $714/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penermon is $61k/year.

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What industries drive the economy in Penermon?

The largest employment sectors in Penermon are public administration (26%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.