Similar to nearby areas, it's a bit less expensive compared to the US as a whole. However it's significantly less expensive compared to the city of New York.
Home prices
The median home value in Penn Estates is $161,700. This is about $2,320 (1%) lower in comparison to the surrounding areas.It is approximately $55,800 (25%) lower in comparison to the US as a whole, and in comparison to the city of New York it is roughly $444,300 (73%) lower.
Rents
Penn Estates's median rent is $1,229 per month. Compared to nearby areas this is about $226 (22%) higher.In comparison to the country as a whole it is about $167 (15%) higher, and compared to the city of New York it is roughly $214 (14%) lower.
Nearby places
Arlington Heights
Arlington Heights is roughly 2 miles southeast of Penn Estates. Real estate prices there are a little more expensive. The median home in Arlington Heights is valued at $186,500, which is $24,800 (13%) higher than Penn Estates. Its rents are significantly less expensive. In Arlington Heights the median monthly rent is $917, which is $312 (34%) lower than Penn Estates.
East Stroudsburg
East Stroudsburg is about 3 miles southeast from Penn Estates. Its real estate prices are somewhat less expensive. East Stroudsburg's median home value is $146,800, which comes out to $14,900 (10%) lower than Penn Estates. The rent there is somewhat less expensive. East Stroudsburg's median rent is $1,124 per month, which is $105 (9%) lower than Penn Estates.
Stroudsburg
Stroudsburg is about 3 miles southeast from Penn Estates. Real estate prices there are similar. The median home in Stroudsburg is valued at $161,500, which is very similar to Penn Estates. The rent there is a little less expensive. In Stroudsburg the median rent is $1,006 per month, which is $223 (22%) lower than Penn Estates.
Delaware Water Gap
Delaware Water Gap is approximately 6 miles southeast from Penn Estates. Housing prices there are a little more expensive. The median home in Delaware Water Gap is valued at $188,500, which comes out to $26,800 (14%) higher than Penn Estates. The rent there is a little less expensive. Delaware Water Gap's median monthly rent is $1,138, which is $91 (7%) lower than Penn Estates.
Mount Pocono
Mount Pocono is roughly 7 miles northwest of Penn Estates. Housing prices there are a little less expensive. Mount Pocono's median home cost is $136,800, which works out to $24,900 (18%) lower than Penn Estates. Its rents are substantially less expensive. Mount Pocono's median rent is $831 a month, which is $398 (47%) lower than Penn Estates.
