House Prices

House Prices & Home Values Penrose, NC 2026


Average Data

average house price$294,975
average size per house2169 ft²
average price per ft²137 $ / ft²

04/22/2026 - The value range (VR) for house prices in Penrose, NC is $138/ sqft to $138/ sqft. An average home with 2169 sqft costs approximately $299,322 to $299,322. Penrose, NC includes 1 ZIP codes and it is located in Transylvania county. The lowest prices are found in ZIP 28766, while the highest are in ZIP 28766. The average price per sqare feet is $137. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Penrose

28766151 $ / ft²




Historical development of home values in Penrose

Year Estimated value (USD) Change vs. 2025
2010 $136,992 -53.6%
2011 $131,694 -55.4%
2012 $131,340 -55.5%
2013 $136,249 -53.8%
2014 $143,024 -51.5%
2015 $150,364 -49.0%
2016 $158,211 -46.4%
2017 $166,751 -43.5%
2018 $175,969 -40.3%
2019 $184,129 -37.6%
2020 $193,647 -34.4%
2021 $220,253 -25.3%
2022 $256,766 -13.0%
2023 $270,771 -8.2%
2024 $286,436 -2.9%
2025 $294,975 0.0%

Graph: estimated home values in Penrose over time (USD)



Example: 100% financing house in Penrose

Loan amount: $294,975

Interest rate: 6.00%

Fixed monthly payment: $1,768.52

Breakdown in the 1st month:
Interest portion: $1,474.88  –  Principal portion: $293.65

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $17,599.96 $3,622.33 $291,352.67
2 $17,376.55 $3,845.74 $287,506.93
3 $17,139.35 $4,082.94 $283,423.99
4 $16,887.52 $4,334.77 $279,089.22
5 $16,620.16 $4,602.13 $274,487.09
6 $16,336.31 $4,885.98 $269,601.11
7 $16,034.96 $5,187.33 $264,413.78
8 $15,715.01 $5,507.28 $258,906.50
9 $15,375.34 $5,846.95 $253,059.55
10 $15,014.71 $6,207.58 $246,851.97
11 $14,631.84 $6,590.45 $240,261.52
12 $14,225.35 $6,996.94 $233,264.58
13 $13,793.80 $7,428.49 $225,836.09
14 $13,335.63 $7,886.66 $217,949.43
15 $12,849.19 $8,373.10 $209,576.33
16 $12,332.76 $8,889.53 $200,686.80
17 $11,784.47 $9,437.82 $191,248.98
18 $11,202.37 $10,019.92 $181,229.06
19 $10,584.36 $10,637.93 $170,591.13
20 $9,928.24 $11,294.05 $159,297.08
21 $9,231.65 $11,990.64 $147,306.43
22 $8,492.09 $12,730.20 $134,576.23
23 $7,706.92 $13,515.37 $121,060.86
24 $6,873.32 $14,348.97 $106,711.89
25 $5,988.31 $15,233.98 $91,477.90
26 $5,048.71 $16,173.58 $75,304.32
27 $4,051.16 $17,171.13 $58,133.19
28 $2,992.08 $18,230.21 $39,902.97
29 $1,867.68 $19,354.61 $20,548.36
30 $673.93 $20,548.36 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Penrose, NC


1500 sqft3900 sqft
Ø selling price$248,656$528,957
Ø fast selling$226,051$476,062
Ø high price sale$271,260$581,853

In 2026, houses in Penrose, NC will be offered at an average price of $137 per square foot. A 1,500 sqft home priced at $248,656 is 25.12% more expensive per square foot than a 3,900 sqft home priced at $528,957. Home prices in Penrose, NC vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $366,202. Sellers who can wait longer may achieve a higher price of up to $447,580.

FAQ – Home Values in Penrose

What is the median home value in Penrose in 2026?

In 2026, the typical home value in Penrose is about $294,975 for an average home size of 2169 square feet. This corresponds to an average price of roughly $137 per square foot.

What is the average cost per square foot in Penrose?

In 2026, homes in Penrose sell for an average of around $137 per square foot, with a typical range between $138 and $138 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Penrose is about 2169 square feet, with an estimated 2026 value around $294,975.



Locations close to Penrose, NC

Pisgah Forest, NC201 $ / ft²
Robbinsville, NC227 $ / ft²
Rosman, NC202 $ / ft²
Otto, NC106 $ / ft²
Old Fort, NC117 $ / ft²
Nebo, NC102 $ / ft²
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