The typical owner-occupied home in Penryn is worth about $282,000, 11% above the Pennsylvania median of $254,500 and 15% below the national median of $332,700. Owners pay a median $3,570 a year in property taxes, about 1.27% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $63,545 a year, so the median home costs 4.4 times the median income (3.3 times for Pennsylvania). 81% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Penryn at a glance
| Penryn | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $282,000 | $254,500 | $332,700 |
| Median property tax paid per year | $3,570 | $3,311 | $3,119 |
| Property tax as a share of value | 1.27% | 1.30% | 0.94% |
| Median household income | $63,545 | $77,971 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 32% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,386 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 19.4% | 21.0% |
| Median rent | $1,054 | $1,209 | $1,413 |
| Rent as a share of renters' income | 22.7% | 29.2% | 30.6% |
| Median year homes were built | 1977 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 1,257 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Penryn
At this week's average 30-year rate of 7.11%, buying the median Penryn home of $282,000 with 20% down costs about $1,934 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,403, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $82,868 for the 20%-down payment. That payment is 37% of the median Penryn household income of $63,545; at that income and 20% down, the 28% guideline points to a home of about $216,000.
The median rent here is $1,054 a month, so owning the median home costs about $880 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,400 |
|---|---|
| Loan amount | $225,600 |
| Principal and interest | $1,518 |
| Property taxes (1.27% a year) | $298 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,934 |
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| Down payment | $9,870 |
|---|---|
| Loan amount | $276,892 |
| Principal and interest | $1,863 |
| Property taxes (1.27% a year) | $298 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $125 |
| Total per month | $2,403 |
Change the numbers in the calculator
Questions about home buying in Penryn
What is the median home value in Penryn?
About $282,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Penryn?
Homeowners pay a median $3,570 a year, which is about 1.27% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Penryn?
For the median home with 20% down at 7.11%, the payment is about $1,934 a month. Keeping that under 28% of gross income takes about $82,868 a year.
More about Penryn
- Mortgage Refinance in Penryn
- Debt Relief in Penryn
- Home Equity Loans in Penryn
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data