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NC area data

Penrose, NC

Penrose, NC.

Population: 1,259 (Census ACS)

The typical home value in Penrose, NC is $407,935 — down 1.2% over the past year. Homes sell for a median $367,500 after a median 117 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with cold wave, ice storm, landslide the top-rated hazards. Cost of living is 5.7% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$407,935

Typical home value

-1.2%

1-year change

117

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$407,935
1-year appreciation
-1.2%
3-year appreciation
+7.5%
5-year appreciation
+34.3%
10-year appreciation
+134.8%
Peak value since 2000 (Feb 2025)
$414,313
House Price Index (state)
445.4 (+0.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$367,500
Median list price
$442,000
Median price per sqft
$252
1-year sale-price change
-1.9%
Median days on market
117 days
Homes sold (recent period)
4
For-sale inventory
6
Sale-to-list ratio
98.4%
Active listings
8
1-year forecast
+1.9%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$1,111/mo
1BR fair-market rent
$1,118/mo
2BR fair-market rent
$1,386/mo
3BR fair-market rent
$1,781/mo
4BR fair-market rent
$2,097/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
94.3 (100 = US avg)
Electricity rate (state-level)
14.0¢/kWh
Natural gas rate (state-level)
$16.40/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
cold wave, ice storm, landslide, lightning, strong wind
Notable hazard ratings (county)
cold wave: Relatively High · ice storm: Relatively High · landslide: Relatively Moderate · lightning: Relatively Moderate · strong wind: Relatively Moderate · hail: Relatively Low
Most common flood zone among NFIP claims
Zone AE
NFIP flood claims on record
3
Wildfire risk to homes (county)
Higher than 59% of US counties
Buildings in wildfire direct-exposure zone
88.2%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
General Electric Co/Shepherd Farm (11.9 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
56.0°F
Average high
68.0°F
Average low
43.0°F
Annual precipitation
65.0 in
Annual snowfall
6.7 in
USDA plant hardiness zone
7b (extreme annual low 5 to 10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
5.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
3,736
Jobs reachable by transit (45 min)
4,627

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
4
Nearest national park
Carl Sandburg Home National Historic Site (10 mi)
National parks include
Carl Sandburg Home National Historic Site, Blue Ridge Parkway, Cowpens National Battlefield
Airports within 30 mi
18
Nearest airport
Transylvania Community Airport (2 mi)
Nearest major airport
Asheville Regional Airport (AVL) (14 mi)
Hospitals in or near this ZIP
25
Hospitals include
MEMORIAL MISSION HOSPITAL AND ASHEVILLE SURGERY CE, RUTHERFORD REGIONAL MEDICAL CENTER, HARRIS REGIONAL HOSPITAL
Avg hospital rating (CMS)
3.8 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.4 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+157 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1992
Housing built before 1970
25.3%
Housing built 2000 or later
25.8%
Median annual property tax
$1,623
Households with broadband internet
72.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
8,312
Average weekly wage
$976
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
176

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

PenroseState medianUS median
Typical home value$407,935$285,911$288,527
Median sale price$367,500$330,000$325,000
Median days on market117 days70 days51 days
Median annual property tax$1,623$1,366$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

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

Common questions

What is the typical home value in Penrose, NC?
$407,935.
What is the median sale price in Penrose, NC?
$367,500.
How long do homes take to sell in Penrose, NC?
Median days on market: 117 days.
What is typical rent in Penrose, NC?
2-bedroom fair-market rent: $1,386/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Penrose, NC?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: cold wave, ice storm, landslide, lightning, strong wind.
Is Penrose, NC in a flood zone?
Flood zones vary by property within Penrose, NC. 3 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in Penrose, NC?
Risk to homes is higher than 59% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Penrose, NC?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Penrose, NC?
No current or proposed National Priorities List sites within 5 miles (EPA).
Is Penrose, NC walkable?
Walkability index: 5.0/20 (EPA Smart Location Database).
What is the cost of living in Penrose, NC?
Regional Price Parity: 94.3 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Penrose

Listing a home in Penrose, NC?

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Data last updated

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

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