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Most Trending Houses Penelope, TX Homes and Houses for Sale

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Address: Alphabetical Building Sqft: Highest First Keymap: Alphabetical Listing Date: Newest First Price: Lowest First Price: Highest First Lot Size: Highest First MLS Area: Alphabetical Subdivision: Alphabetical Year Built: Highest First
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33 Photos
188 Hcr 3215
Penelope, TX 76676
$400,000
Active
For Sale, Residential - Manufactured Home
In J Wallace
3 bedrooms
1,620 Sqft. ($247/Sqft.)
2 full baths
20.2 Acres
1 story
2023 year built
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13 Photos
5.01 ACRES FM-308
Penelope, TX 76676
$90,000
Under Contract - P
For Sale, Country Homes/Acreage
In Tyler Co Sc Ld
5.0 Acres
Price Reduction
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Hcr 3214
Penelope, TX 76676
$600,000
Active
For Sale, Residential Lots
133.4 Acres
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0 HCR 3220
Penelope, TX 76676
$150,000
Under Contract - PS
For Sale, Land / Unimproved Land
In Tyler Co Sc Ld
10.7 Acres
Price Reduction
Penelope, Texas, is a charming small town that offers a unique blend of rural tranquility and convenient access to urban amenities, making it an ideal location for home buyers looking for a peaceful lifestyle without sacrificing the perks of city living. Nestled in a picturesque part of Central Texas, Penelope boasts a tight-knit community where neighbors know each other by name and community events bring everyone together, fostering a strong sense of belonging and mutual support. The town’s local schools are highly regarded for their commitment to student success, making it a great choice for families. Residents enjoy the beauty of the natural surroundings, which provide ample opportunities for outdoor activities such as hiking, biking, and bird-watching in nearby parks and nature reserves. Despite its serene environment, Penelope is conveniently situated just a short drive from larger cities like Waco, offering easy access to more extensive shopping, dining, and cultural experiences. The Magnolia Market at the Silos, Baylor University’s vibrant campus activities, and the rich cultural history showcased in the Texas Ranger Hall of Fame and Museum are all within reach. This balance of small-town charm with nearby urban conveniences, along with affordable housing and a safe, welcoming atmosphere, makes Penelope an attractive option for those looking to establish a fulfilling, relaxed lifestyle.

Penelope Real Estate Profile – by the Numbers!

In April 2026, Penelope, Texas, the average home price is $197,333 and the price per square foot is $128. Average rent for a house is around $2,000 for a 3 bedrooms home.

Some data about Penelope
For Sale
Homes for Sale: 13
Average Home Price: $197,333
Price per Square Foot: $128
Average Square Footage: 1,414
Average Number of Bedrooms: 3
Some data about Penelope
For Rent
Homes for Rent: 1
Average Rent: $2,000
Rent per Square Foot: $1.14
Average Square Footage: 1,414
Average Number of Bedrooms: 3