Pennville, IN
Population 666 · Indiana
About Pennville, IN
Pennville is a small community located in Indiana with a population of 666 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,607 per year, which is 51% below the national median of $75,149. The median age of 39.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Pennville features a median home value of $75,000, which is 69% below the national median of $244,900. This makes Pennville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 312 total housing units, 64% are owner-occupied (179 units) and 36% are renter-occupied (102 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Pennville shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 25.6%, above the national average of 12.4%. Workers in Pennville have an average one-way commute time of 32 minutes.
Education & Demographics
5.3% of Pennville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 5.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.2% of the population being foreign-born.
Cost of Living in Pennville, IN
Compared to national averages, Pennville has a median household income of $36,607 (51% below the national median of $75,149). Home values average $75,000, which is 69% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Indiana, Pennville's income is 47% below the state average of $69,330, and home values are 54% below the state median of $163,409.
Why Live in Pennville, IN?
Pennville offers affordable housing with a median home value of $75,000, below the US average of $244,900, and rent that’s lower than the national average at $675/month.
Potential considerations include median household income ($36,607) that falls below the national average. However, Pennville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Pennville has a population of 666 with a median age of 39.1 years. Compare Pennville with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Pennville
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cynthiana | 663 | $75,625 | $115,600 | Compare |
| Lakeville | 669 | $55,179 | $122,300 | Compare |
| Sharpsville | 663 | $90,978 | $117,800 | Compare |
| Mecca | 670 | $42,917 | $57,000 | Compare |
| Lake of the Woods | 658 | $64,375 | $189,600 | Compare |
| Reynolds | 655 | $55,625 | $105,900 | Compare |
| Camden | 651 | $53,977 | $98,700 | Compare |
| Dana | 650 | $53,005 | $53,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Pennville With Other Cities
Frequently Asked Questions about Pennville
What is the population of Pennville, IN?
The population of Pennville, IN is 666 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Pennville?
The median household income in Pennville, IN is $36,607 per year, which is 51% below the national median of $75,149.
What is the median home value in Pennville?
The median home value in Pennville, IN is $75,000, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Pennville?
The median monthly rent in Pennville, IN is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Pennville?
The unemployment rate in Pennville, IN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Pennville, IN a good place to live?
Pennville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 666 and a median age of 39.1, the city appeals to a broad range of residents.
How educated is Pennville, IN?
5.3% of residents in Pennville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Pennville?
Key cost-of-living indicators for Pennville, IN: median home value is $75,000 (69% below national), median rent is $675/month, and median household income is $36,607. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Pennville?
The poverty rate in Pennville, IN is 25.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Pennville, IN?
Pennville's population is 0.0% White, 5.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.2% of residents are foreign-born.