Penelope, TX housing market
The typical Penelope home is worth about $250,000, down 2.1% in a year, 16% below the Texas typical home.
Home values, sales, trends and how Penelope compares with the towns next door — updated as new data is published.
Penelope at a glance
Typical home value, 2022–2026
Show as a table
| January | Penelope | Texas |
|---|---|---|
| 2023 | $240,000 | $313,000 |
| 2024 | $248,000 | $311,000 |
| 2025 | $270,000 | $311,000 |
| 2026 | $249,000 | $303,000 |
| August 2026 | $250,000 | $299,000 |
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Penelope is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $760 · 4 bedrooms $1,800
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (76676; Hill County, TX), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Penelope
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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.