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Pennville

Learn about the people, housing, costs and businesses in Pennville, Indiana

Median Home$185,000
Median Rent$921/month
Population629
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance15% construction
Home Value Growth+7.9% over 2 years
Family-Friendly28% of residentswell above average
Homeowners89% of occupied units
Pennville
IN

Frequently Asked Questions

What are today's mortgage rates in Pennville?

As of today, the 30-year fixed mortgage rate for Pennville is approximately 7.109% (7.155% 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 Pennville?

The median home value in Pennville is $185k. The median monthly rent is $921. Annual property taxes average $922. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pennville?

Home values in Pennville have increased 7.9% over the past two years. This represents moderate growth. 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 Pennville?

Based on a typical all-in ownership cost of $699/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 Pennville is $44k/year.

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What industries drive the economy in Pennville?

The largest employment sectors in Pennville are retail (19%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.