Housing in Penn

A typical Penn home is worth roughly $150,000

Typical home value

$150K

IN $260K

Estimate

2-bedroom rent

$1,100

a month, utilities in · HUD

Median tax bill

$573

IN $1,614

What kind of housing town is Penn?

Read from the numbers below. The page puts what stands out first.

Your money goes further42% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 3.9 years of income

About the same as across Indiana. Try your own numbers below.

You could afford about

$164,000

Typical Penn home $150K

That covers a typical Penn home, with $14K to spare.

The typical home, each month

$830

Loan $740Tax $50Insurance $40

A two-bedroom rents for about $1,100 a month here, $270 more than owning.

Where your budget reaches nearby

Harrison$105K Jackson$302K

How Penn ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Penn’s typical property tax (0.38% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,100

Renters already here pay a median of $936, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$790

1 bedroom$850

2 bedrooms$1,100

3 bedrooms$1,460

4 bedrooms$1,460

19%

of households rent · IN 29%

renter households

26%

of renters spend 30%+ of income on rent · IN 48%

34%

of the median income, for a two-bedroom

$936

median rent paid today · Census

How Penn ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Blackford County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

81% of Penn households own their home

Half of Penn’s homes were built before 1959.

Owners and renters

Own 81%Rent 19%

Indiana: 71% own.

1959

typical home built · IN 1976

$573

median property tax bill · IN $1,614

0.38%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Penn vs. its neighbors

Penn is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.

Jackson$302K Penn$150K Harrison$105K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Penn	$150K*	—	$1,100	$38,917
Harrison	$105K*	—	$980	$61,346
Jackson	$302K*	—	$980	$43,086

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Penn buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Penn still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.