Home prices
The median home value in Pennington is $48,300. Compared to the surrounding areas this is about $34,300 (41%) lower.It is roughly $169,200 (77%) lower compared to the nation as a whole, and it is roughly $130,600 (73%) lower compared to the city of Tuscaloosa.
Rents
The median monthly rent in Pennington is $680. It is roughly $8 (1%) higher in comparison to its surrounding areas.It is approximately $382 (35%) lower in comparison to the rest of the nation, and in comparison to the city of Tuscaloosa it is about $164 (19%) lower.
Nearby places
Myrtlewood
Myrtlewood is about 6 miles northeast of Pennington. The real estate prices there are a lot more expensive. Myrtlewood's median home price is $72,500, which comes out to $24,200 (33%) higher than Pennington. The rent there is somewhat more expensive. In Myrtlewood the median monthly rent is $806, which is $126 (15%) higher than Pennington.
Butler
Butler is about 11 miles southwest of Pennington. Housing prices there are substantially more expensive. Butler's median home cost is $79,500, which works out to $31,200 (39%) higher than Pennington. Rents there are substantially less expensive. The median rent in Butler is $491 per month, which works out to $189 (38%) lower than Pennington.
Lisman
Lisman is approximately 13 miles west of Pennington. The real estate prices there are a little more expensive. Lisman's median home value is $66,900, which comes out to $18,600 (27%) higher than Pennington. The rent there is a little more expensive. In Lisman the median monthly rent is $745, which works out to $65 (8%) higher than Pennington.
Linden
Linden is approximately 15 miles northeast of Pennington. The housing prices there are substantially more expensive. The median home in Linden costs $90,600, which is $42,300 (46%) higher than Pennington. Rents there are somewhat less expensive. Linden's median monthly rent is $624, which works out to $56 (8%) lower than Pennington.
Cuba
Cuba is approximately 24 miles northwest of Pennington. The real estate prices there are significantly more expensive. The median home in Cuba costs $103,500, which comes out to $55,200 (53%) higher than Pennington. Rents there are similar. In Cuba the median monthly rent is $692, which works out to $12 (1%) higher than Pennington.
