Market Summary

Penrose, Transylvania County, NC

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Median Home Price Price

$405,963 $406K

Median Monthly Rent Rent

$1,494 $1.5K

GRM

23.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Transylvania County

Region Price Rent GRM Display
$454,733 $1,240 31.0x
$385,449 $1,171 27.0x
$455,439 $1,064 36.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NC outside of Transylvania County

Region Price Rent GRM Display
$372,230 $1,532 20.0x
$325,510 $1,194 23.0x
$290,123 $946 26.0x
$438,904 $1,186 31.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NC

Region Price Rent GRM Display
$376,312 $1,465 21.0x
$338,538 $1,455 19.0x
$501,775 $1,531 27.0x
$417,560 $1,296 27.0x
$371,148 $1,500 21.0x
$347,878 $1,393 21.0x
$527,256 $1,749 25.0x
$506,965 $1,761 24.0x
$653,681 $1,437 38.0x
$471,481 $1,832 21.0x
$254,423 $1,498 14.0x
$465,492 $1,358 29.0x
$919,098 $1,384 55.0x
$253,547 $1,027 21.0x
$418,771 $1,868 19.0x
$280,208 $1,429 16.0x
$428,868 $1,477 24.0x
$380,452 $1,527 21.0x
$487,640 $1,543 26.0x
$418,509 $1,325 26.0x
$228,698 $1,379 14.0x
$567,298 $2,114 22.0x
$296,946 $1,504 16.0x
$216,123 $1,035 17.0x
$387,235 $1,486 22.0x
$372,370 $1,441 22.0x
$692,082 $2,384 24.0x
$335,967 $1,463 19.0x
$514,061 $1,486 29.0x
$277,091 $1,415 16.0x
$333,117 $1,860 15.0x
$369,965 $1,453 21.0x
$303,803 $1,064 24.0x
$289,599 $1,490 16.0x
$361,947 $1,466 21.0x

Home prices

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Monthly rent

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GRM

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Penrose

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Trend Insights

Median Rent in Penrose, NC is $1,494, with MoM change +$10 and YoY change +$84 pointing to positive momentum while volatility is low (std $19).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Penrose, NC.

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Metric
Base market Penrose, NC
Compare market Select a market
Delta vs base
Median rent
$1,494
N/A
Median price
$405,963
N/A
YoY change
+$84
N/A
Price-to-rent
22.6x
Data unavailable
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