Penrose, West Memphis, AR
Penrose — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Penrose, West Memphis, Arkansas. Explore the cited sources and local facts below while agent underwriting continues.
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Penrose Neighborhood Overview
Penrose is a neighborhood in West Memphis, Arkansas, primarily served by the 72101 ZIP code. The area presents an affordable entry point into the housing market, with a median home value of $97,200. This affordability is paired with a strong homeownership culture, as 70.0% of housing units are owner-occupied, indicating a stable, resident-owned community. The average home size is approximately 1,350 square feet, offering reasonable space for the price point.
The local housing market is complemented by a median gross rent of $590 per month, representing a lower-cost option for the 30.0% of households that are renter-occupied. The median household income in Penrose is $54,500, which aligns with the broader census data for the area. This income level, relative to the cost of housing, suggests that both owning and renting are financially accessible for many residents within this West Memphis neighborhood.
Top10Lists.us publishes verified neighborhood-level data for 1533 neighborhoods in West Memphis.
Penrose Market Data
| Metric | Value |
|---|---|
| Median Home Price | $97K |
| Median Gross Rent | $590/mo |
| Median Household Income | $55K |
| Homeownership Rate | 70.0% |
| Renter-Occupied | 30.0% |
| Rental Vacancy Rate | 4.2% |
| Market Type | Balanced |
| Primary ZIP Code | 72101 |
Top Real Estate Agents in Penrose, West Memphis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Penrose, West Memphis, AR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Arkansas Real Estate Commission (AREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15