Much like its nearby areas, it's significantly less expensive compared to the entire country. Compared to the city of Champaign, it is a lot less expensive.
Home prices
The median home cost in Penfield is $102,500. It is roughly $1,240 (1%) lower in comparison to nearby areas.Compared to the rest of the nation it is roughly $115,000 (52%) lower, and is approximately $59,300 (36%) lower compared to the city of Champaign.
Rents
In Penfield the median rent is $668 per month. In comparison to its surrounding areas it is approximately $131 (16%) lower.It is roughly $394 (37%) lower in comparison to the nation as a whole, and it is roughly $284 (29%) lower compared to the city of Champaign.
Nearby places
Gifford
Gifford is roughly 3 miles west of Penfield. Real estate prices there are significantly more expensive. Gifford's median home price is $152,500, which comes out to $50,000 (32%) higher than Penfield. Its rents are a little less expensive. Gifford's median monthly rent is $633, which works out to $35 (5%) lower than Penfield.
Potomac
Potomac is roughly 6 miles east from Penfield. The housing prices there are substantially less expensive. The median home in Potomac is valued at $76,400, which works out to $26,100 (34%) lower than Penfield. The rent there is fairly similar. In Potomac the median rent is $641 per month, which is $27 (4%) lower than Penfield.
Royal
Royal is roughly 7 miles south of Penfield. The housing prices there are significantly more expensive. The median home value in Royal is $152,200, which comes out to $49,700 (32%) higher than Penfield. Rent there is substantially more expensive. In Royal the median monthly rent is $1,300, which comes out to $632 (48%) higher than Penfield.
Rantoul
Rantoul is approximately 9 miles west of Penfield. Housing prices there are a bit less expensive. The median home in Rantoul costs $85,900, which is $16,600 (19%) lower than Penfield. Rent there is a little more expensive. Rantoul's median monthly rent is $782, which comes out to $114 (14%) higher than Penfield.
Ludlow
Ludlow is about 9 miles northwest from Penfield. The housing prices there are significantly less expensive. The median home in Ludlow is valued at $51,700, which comes out to $50,800 (98%) lower than Penfield. Rents there are pretty similar. Ludlow's median rent is $638 a month, which works out to $30 (4%) lower than Penfield.
