What is the median home value in Pennville, IN?

The median value of owner-occupied homes in Pennville, IN is $84,100 (±$9,752), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Pennville, the median home value went from $64,400 in 2015–2019 to $84,100 in 2020–2024 (+30.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$84,100 (±$9,752)
Owner-occupied homes
166 (±50)
Most common range
$50,000 to $99,999

Home values in Pennville

Owner-occupied homes by value, 2020–2024
ValuePennvilleJay CountyIndianaUnited States
Less than $50,00021.1% (±11.0 points)11.6%6.0%5.3%
$50,000 to $99,99948.2% (±13.5 points)29.1%10.1%6.1%
$100,000 to $149,99915.7% (±10.6 points)20.1%12.7%6.8%
$150,000 to $199,9996.0% (±5.3 points)13.1%15.8%9.0%
$200,000 to $299,9994.2% (±4.0 points)10.4%25.1%17.8%
$300,000 to $499,9993.6% (±4.1 points)11.4%21.8%26.9%
$500,000 to $999,9990.0% (±20.1 points)2.8%7.3%20.9%
$1,000,000 or more1.2% (±2.7 points)1.4%1.2%7.1%

The most common range is $50,000 to $99,999, 48.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Pennville against Jay County, its state and the nation

Estimate (90% margin of error)
PennvilleJay CountyIndianaUnited States
Median home value$84,100 (±$9,752)$117,500 (±$7,058)$218,200 (±$739)$332,700
Owner-occupied homes166 (±50)6,239 (±246)1,916,243 (±9,865)84,210,142

In Pennville, the median home value is lower than in Jay County ($117,500).

It is also lower than in Indiana ($218,200).

It is lower than the national figure ($332,700).

In Jay County, Pennville ranks 14 of 17 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1512 of 1,574.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Pennville have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$64,400 (±$8,969)$84,100 (±$9,752)+30.6%No measurable change after inflation
Median owner cost with a mortgage$774 (±$114)$948 (±$78)+22.5%No measurable change after inflation
Median real estate taxes$322 (±$84)$369 (±$62)+14.6%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Pennville

Nearest places with a published estimate, compared with Pennville
PlaceDistanceMedian home valueCompared with this place
Pennville—$84,100 (±$9,752)—
Penn Township (Jay County)2.2 mi$150,000 (±$67,532)Not measurably different
Knox Township4.0 mi$201,700 (±$46,635)Higher
Greene Township (Jay County)5.5 mi$184,200 (±$76,208)Higher
Jackson Township (Jay County)5.9 mi$302,000 (±$181,491)Higher
Harrison Township (Blackford County)6.9 mi$105,200 (±$24,415)Not measurably different
Jackson Township (Blackford County)7.7 mi$118,900 (±$30,775)Higher
Montpelier8.4 mi$86,300 (±$7,279)Not measurably different
Nottingham Township8.5 mi$147,900 (±$62,823)Higher

Nearby places with a measurably higher figure: Knox Township, IN ($201,700), Greene Township (Jay County), IN ($184,200), Jackson Township (Jay County), IN ($302,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Jay County, place by place

RankPlaceMedian home value
8Noble Township (Jay County)$142,000 (±$122,574)
9Madison Township (Jay County)$117,100 (±$16,574)
10Wayne Township (Jay County)$111,400 (±$8,456)
11Portland$96,700 (±$6,070)
12Richland Township (Jay County)$88,700 (±$6,195)
13Redkey$85,400 (±$15,715)
14Pennville$84,100 (±$9,752)
15Salamonia$83,800 (±$39,467)
16Dunkirk$81,100 (±$18,534)
17Bryant$66,000 (±$27,866)

Showing 10 of 17 places in Jay County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Pennville

What is the average home value in Pennville, IN?

The Census Bureau publishes the median: $84,100 (±$9,752) for owner-occupied homes in Pennville (2020–2024 American Community Survey).

Have home values in Pennville gone up?

In Pennville, the median home value went from $64,400 in 2015–2019 to $84,100 in 2020–2024 (+30.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Pennville sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Pennville town, Indiana (place:58788, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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