Living in Pennville, Indiana
Cost of living, income, home prices, rent and demographics of Pennville · Census data 2020–2024
Pennville has 619 residents with a median age of 38.9. The median household income is $50,388 (30% lower than the Indiana median), the median home value is $84,100, the median rent is $936/month.
Pennville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Pennville at a glance
- Population
- 619
- Median age
- 38.9State: 38.1
- Median household income
- $50,388State: $71,957
- Median home value
- $84,100State: $218,200
- Median rent
- $936/moState: $1,062
- Homeowners
- 68.9%
- Bachelor's degree or higher
- 6.5%
- Average commute
- 30 min
Is Pennville a good place to live?
Pros: Home values 61% lower than the state median; unemployment of 2.9%.
Cons: Median household income 30% lower than the Indiana median; an average commute of 30 minutes; a poverty rate of 19.4%.
The weather is best in June to September.
Cost of living in Pennville
Housing is the biggest part of the cost of living. In Pennville the median home value is $84,100, 75% lower than the U.S. median. Renters pay a median of $936 per month, which is 23.4% of household income. Homeowners with a mortgage pay $948 a month in housing costs.
Pennville median household income
The median household income in Pennville is $50,388 and the income per person is $22,958. 19.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Pennville: homes for sale and rent
- Housing units
- 272
- Owner-occupied
- 68.9%
- Renter-occupied
- 31.1%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.57
Pennville demographics
- Population
- 619
- Median age
- 38.9
- Under 18
- 22.1%
- 65 and older
- 13.9%
- Households
- 241
- Foreign-born
- 6.8%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Pennville ›
Education in Pennville
6.5% of adults 25 and older in Pennville have a bachelor's degree or higher (Indiana: 29.5%), and 3.3% have a graduate or professional degree.
Jobs and commute in Pennville
- Unemployment rate
- 2.9%State: 4.3%
- Average commute
- 30 minState: 24 min
- Work from home
- 3.3%
- Drive alone
- 75.9%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 80.9%
Pennville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Pennville | 619 | $50,388 | $84,100 | $936 |
| Montpelier | 1,533 | $45,250 | $86,300 | $641 |
| Dunkirk | 1,861 | $46,339 | $81,100 | $700 |
| Portland | 6,416 | $51,513 | $96,700 | $763 |
| Redkey | 1,332 | $42,986 | $85,400 | $905 |
| Bryant | 258 | $58,295 | $66,000 | $950 |
| Poneto | 174 | $63,750 | $95,400 | — |
| Linn Grove | 396 | $75,071 | $162,900 | — |
| Hartford City | 5,794 | $41,752 | $83,400 | $730 |
More for people moving to Pennville
Pennville ZIP code ›Weather and climate ›Living in Pennville: FAQ
What is the median household income in Pennville, IN?
The median household income in Pennville is $50,388, 30% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Pennville?
The median home value in Pennville is $84,100, compared with $218,200 in Indiana.
How much is rent in Pennville?
The median gross rent in Pennville is $936 per month, about 23.4% of household income.
Is Pennville, IN a good place to live?
Pluses: home values 61% lower than the state median; unemployment of 2.9%. Minuses: median household income 30% lower than the Indiana median; an average commute of 30 minutes; a poverty rate of 19.4%.
What is the median age in Pennville?
The median age in Pennville is 38.9 years (Indiana: 38.1).
How long is the commute in Pennville?
The average commute to work in Pennville is 30 minutes; 3.3% of workers work from home.
What is the unemployment rate in Pennville?
The unemployment rate in Pennville is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Pennville?
6.5% of adults in Pennville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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