City

Penrose, NC

1 ZIP code  ·  Transylvania County  ·  North Carolina

👥1,014Population
💰$59,844Median HH Income▼ 22% below avg
🎂56.7Median Age
🏠$292,800Median Home Value≈ Avg
🎓31.9%College Grads▼ 18% below avg
People & Population (ACS 2023 — weighted avg)
♂ Male 47.7% Female 52.3% ♀

Race & Ethnicity

White: 85.1%Black: 11%Other: 3.2%Race
White85.1%
Black11.0%
Other3.2%

Age Breakdown

Under 5
3%
5–17
15%
18–24
3%
25–44
12%
45–64
43%
65+
7%

Key Indicators

Median Age56.7 yrs
Avg HH Size1.98
Below Poverty15.9% ▲ 59% above avg
College Grads31.9% ▼ 18% below avg
HS Graduate226 (30.7%)
Some College157 (21.3%)
Associates119 (16.1%)
Bachelors67 (9.1%)
Graduate Degree168 (22.8%)

Education

HS Grad: 30.7%Some College: 21.3%Associates: 16.1%Bachelors: 9.1%Graduate: 22.8%Edu
HS Grad30.7%
Some College21.3%
Associates16.1%
Bachelors9.1%
Graduate22.8%
Housing & Income

Housing Tenure

Owner: 83.7%Renter: 16.3%Tenure
Owner83.7%
Renter16.3%

Home Value Distribution

$50k–$100k
2%
$100k–$150k
16%
$150k–$200k
11%
$200k–$300k
23%
$300k–$500k
36%
Over $500k
11%

Financials

Median HH Income$59,844 ▼ 22% below avg
Median Home Value$292,800 ≈ Avg
Home/Income Ratio4.9x (nat avg ~3.5x)
Median Rent$1,125/mo
Total Housing Units620
Vacant Units110

Income Distribution

Under $25k
30%
$25k–$50k
10%
$50k–$75k
18%
$75k–$100k
23%
$100k–$150k
7%
$150k–$200k
8%
Over $200k
4%
Employment & Commute

How People Get to Work

Drove Alone
85%
Work From Home
15%

Commute Time

Under 15 min
15%
15–30 min
57%
30–45 min
20%
Over 45 min
8%
Housing Stock

Year Built

Before 1940
3%
1940s–1950s
2%
1960s–1970s
6%
1980s–1990s
23%
2000+
65%
About Penrose, NC

Penrose is a city in North Carolina, located in Transylvania County. The city spans 1 ZIP code and is home to approximately 1,014 residents. It is an older city, with a median age of 56.7 years.

Economically, Penrose is a solidly middle-class community. The median household income of $59,844 is below the national average. Approximately 15.9% of residents live below the poverty line.

The real estate market in Penrose is a mid-range housing market. Median home values stand at $292,800, which is near the national average. Renters typically pay around $1,125 per month. Homeownership is high at 83.7%, typical of suburban and family-oriented communities.

The population of Penrose is moderately educated. 31.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (85.11%).

Penrose, NC offers residents a cost-conscious lifestyle within North Carolina.

ZIP Codes in Penrose
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
28766 1,014 $59,844 $292,800 $1,125 0.0% 31.9% 83.7%