Penn, North Liberty, IA
Penn — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Penn, North Liberty, Iowa. Explore the cited sources and local facts below while agent underwriting continues.
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Penn Neighborhood Overview
Penn is a residential neighborhood located in the growing city of North Liberty, Iowa. It offers a suburban atmosphere with convenient access to the amenities of the Iowa City metro area. The community is characterized by its newer construction, family-friendly environment, and well-maintained streets.
Lifestyle & Amenities
Residents enjoy proximity to North Liberty's community amenities, including parks, trails, and recreational facilities. The area features convenient shopping and dining options along nearby commercial corridors. Its location provides a balance of quiet suburban living with easy access to urban conveniences.
Real Estate Market
The Penn neighborhood features a strong housing market with a Census median home value of $292,600. Current market metrics indicate an asking price per square foot of approximately $163.27. This reflects the desirability and modern construction typical of homes in this North Liberty community.
Schools & Education
The neighborhood is served by the highly-regarded Iowa City Community School District. Families in Penn have access to a range of public educational institutions from elementary through high school. The area benefits from the district's strong academic programs and resources.
Transportation & Connectivity
Penn is conveniently situated near major routes including Interstate 380, providing a direct commute to Iowa City and Cedar Rapids. Local streets are designed for easy navigation within the neighborhood and to nearby services. The area is primarily car-dependent, with limited public transit options available.
Why Choose Penn
Penn attracts homebuyers seeking a modern suburban community with a high median household income of $102,809. It is an ideal choice for families and professionals looking for newer homes within a short drive of major employment centers. The neighborhood offers a great balance of community feel, economic stability, and growth potential in the broader Corridor region.
Penn Market Data
| Metric | Value |
|---|---|
| Median Home Price | $293K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $103K |
| Homeownership Rate | 73.1% |
| Renter-Occupied | 26.9% |
| Rental Vacancy Rate | 6.5% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 52317 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 87,047 |
| VA Loan Originations | 3,592 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $245K |
| Conventional Loan Originations | 77,690 |
| FHA Loan Originations | 5,765 |
Top Real Estate Agents in Penn, North Liberty
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Penn, North Liberty, IA. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Iowa Real Estate Commission — 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
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-10