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Penitas

Learn about the people, housing, costs and businesses in Penitas, Texas

Median Home$147,179
Median Rent$884/month
Population7,052
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade21% finance & insurance
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly32% of residentstop 2% nationally
Homeowners75% of occupied units
Penitas
TX

Frequently Asked Questions

What are today's mortgage rates in Penitas?

As of today, the 30-year fixed mortgage rate for Penitas is approximately 7.062% (7.107% 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 Penitas?

The median home value in Penitas is $147k. The median monthly rent is $884. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penitas?

Home values in Penitas have increased 15.7% 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 Penitas?

Based on a typical all-in ownership cost of $710/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penitas is $54k/year.

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What industries drive the economy in Penitas?

The largest employment sectors in Penitas are public administration (30%) and information and media (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.