A typical Penn home is worth roughly $296,000
What kind of housing town is Penn?
Read from the numbers below. The page puts what stands out first.
90% of Penn households own their home
Half of Penn’s homes were built before 1938.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
What it takes to buy in Penn
Try your own numbers below.
That covers a typical Penn home, with $45K to spare.
A two-bedroom rents for about $980 a month here, $820 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $980
Renters already here pay a median of $1,083.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (McLeod County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Penn vs. its neighbors
The towns that share a border with Penn. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Penn | $296K* | — | $980 | $103,875 |
| Transit | — | +11.8%† | $990 | $112,917 |
| New Auburn | — | −0.2%† | $1,020 | $92,143 |
| Sumter | $298K* | — | $990 | $101,250 |
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.
Your answer becomes a post in Town Square.
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.