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NC area data

Penrose, NC

Penrose, NC.

Population: 1,259 (Census ACS)

Home values & appreciation

Median home value
$417,165
1-year appreciation
-1.1%
3-year appreciation
+8.7%
5-year appreciation
+35.0%
10-year appreciation
+136.1%
All-time peak (2025-02)
$423,224
House Price Index
438.2 (+1.0% YoY)

Market activity

Median sale price
$432,500
Median list price
$565,000
Median days on market
22 days
Sale-to-list ratio
98.0%
Active listings
5
1-year forecast
+2.3%

Rents

2-bedroom fair-market rent (HUD reference)
$1,308/mo
3BR fair-market rent
$1,700/mo

Affordability

Cost of living index (Below Average)
92.5 (100 = US avg)
Electricity rate (state-level)
14.0¢/kWh
Natural gas rate (state-level)
$16.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, iceStorm, landslide, lightning, strongWind
FEMA flood zone
AE
Flood risk level
High

Climate (30-year normals)

Average annual temperature
56.0°F
Average high
68.0°F
Average low
44.0°F
Annual precipitation
66.7 in

Walkability & transit

Walkability index
5.0 / 20
Transit service frequency
-99,999

Amenities

National parks within ~60 mi
4
Nearest national park
Carl Sandburg Home National Historic Site (10 mi)
Nearest airport
Transylvania Community Airport (2 mi)
Nearest major airport
Asheville Regional Airport (AVL) (14 mi)
Hospitals nearby (~15 mi)
4
Avg hospital rating
3.3 / 5
Solar radiation rating
Fair (4.4 kWh/m²/day)

Migration

Net migration
+157 tax filers

Housing stock

Median year housing built
1,992
Median annual property tax
$1,623
Households with broadband internet
72.3%

Employment & development

Total county employment
8,194
Average weekly wage
$891
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
179

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents