Penelope Real Estate
Penelope, TX Homes: Rural Charm With Deep Texas Roots
Looking for peaceful, rural living with a story behind it? Penelope, Texas is a small town with a lot of character. This little community sits in southeastern Hill County, about 20 miles southeast of Hillsboro, giving residents plenty of wide-open space and small-town quiet.
Penelope has a name that's as charming as the town itself. It was founded in 1902 when the International-Great Northern Railroad came through the area. A land company laid out the townsite and named it after Penelope Trice, the daughter of a railroad official. Many Czech and Anglo families settled here, building churches, schools, and businesses that helped Penelope grow into a busy little farming and shipping town. By the 1920s, Penelope had around 400 residents, a bank, cotton gins, and even its own newspaper.
Though the town has grown smaller since those early boom years, it still holds on to its close community spirit and small-town roots. This is the kind of place where neighbors know each other, land offers plenty of breathing room, and life moves at a relaxed, easygoing pace — perfect for buyers who want to slow down and enjoy the country.
For those seeking a true rural Texas setting with deep community history, Penelope is a wonderful place to plant roots.
Looking for peaceful, rural living with a story behind it? Penelope, Texas is a small town with a lot of character. This little community sits in southeastern Hill County, about 20 miles southeast of Hillsboro, giving residents plenty of wide-open space and small-town quiet.
Penelope has a name that's as charming as the town itself. It was founded in 1902 when the International-Great Northern Railroad came through the area. A land company laid out the townsite and named it after Penelope Trice, the daughter of a railroad official. Many Czech and Anglo families settled here, building churches, schools, and businesses that helped Penelope grow into a busy little farming and shipping town. By the 1920s, Penelope had around 400 residents, a bank, cotton gins, and even its own newspaper.
Though the town has grown smaller since those early boom years, it still holds on to its close community spirit and small-town roots. This is the kind of place where neighbors know each other, land offers plenty of breathing room, and life moves at a relaxed, easygoing pace — perfect for buyers who want to slow down and enjoy the country.
For those seeking a true rural Texas setting with deep community history, Penelope is a wonderful place to plant roots.
Most Popular
536 Hcr 3244
$1,050,000
Most Expensive
536 Hcr 3244
$1,050,000
Least Expensive
536 Hcr 3244
$1050000
Penelope Listings Summary
Penelope - Town vs. County Stats
Avg Price in Penelope: $1,050,000 / County Avg $449,900
233%
Avg Taxes in Penelope: $2,100 / County Avg $4,100
50%
Avg Sq. Ft. in Penelope: 1,661 / County Avg 1,925
86%
Avg Price per/sqft in Penelope:$632 / County Avg $234
270%
Avg Year Built in Penelope: 1944 / County Avg 1992
98%
Avg Days on Website in Penelope: 88 / County Avg 166
53%
Penelope Real Estate Market Health
New Listings
Reductions
Foreclosures
Short Sales
| Neighborhoods in Penelope TX |
|---|
| Tyler Co Sc Ld |
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bentwood Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate
This data is provided by the Waco Association of REALTORS® Multiple Listing Service Inc Internet Data Exchange; is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker is listed on each listing; the information is deemed reliable but not guaranteed accurate. Copyrighted © 2026 Waco Association of REALTORS®
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
