Much like the surrounding areas, it's a bit less expensive compared to the entire country. However compared to the city of Washington, it's significantly less expensive.
Home prices
The median home price in Pennville is $158,500. Compared to its surrounding areas it is approximately $4,500 (2%) lower.In comparison to the rest of the nation it is approximately $59,000 (27%) lower, and is about $443,000 (73%) lower compared to the city of Washington.
Rents
Pennville's median rent is $1,017 a month. Compared to the surrounding areas it is about $91 (9%) higher.Compared to the entire nation it is about $45 (4%) lower, and in comparison to the city of Washington it is approximately $524 (34%) lower.
Nearby places
Parkville
Parkville is Pennville's neighbor to the east. Real estate prices there are pretty similar. Parkville's median home value is $155,300, which comes out to $3,200 (2%) lower than Pennville. The rent there is a little more expensive. The median rent in Parkville is $1,138 per month, which is $121 (10%) higher than Pennville.
Hanover
Hanover is Pennville's neighbor to the north. The housing prices there are fairly similar. The median home in Hanover is valued at $155,300, which works out to $3,200 (2%) lower than Pennville. Its rents are a little less expensive. In Hanover the median rent is $843 per month, which comes out to $174 (20%) lower than Pennville.
McSherrystown
McSherrystown is roughly 1 mile northwest of Pennville. Its real estate prices are pretty similar. The median home value in McSherrystown is $158,200, which is very similar to Pennville. The rent there is a little less expensive. In McSherrystown the median rent is $912 a month, which is $105 (11%) lower than Pennville.
Littlestown
Littlestown is roughly 5 miles southwest of Pennville. Housing prices there are a little more expensive. The cost of the median home in Littlestown is $183,100, which works out to $24,600 (13%) higher than Pennville. Rent there is a bit less expensive. Littlestown's median rent is $930 per month, which is $87 (9%) lower than Pennville.
New Oxford
New Oxford is roughly 5 miles northwest of Pennville. Its real estate prices are similar. The median home in New Oxford is valued at $163,100, which is $4,600 (2%) higher than Pennville. Its rents are somewhat less expensive. The median monthly rent in New Oxford is $809, which comes out to $208 (25%) lower than Pennville.
