Penelope is located close to the center of Texas. Penelope is part of Hill County. Penelope has 0.99 square miles of land area and 0.03 square miles of water area. As of 2010-2014, the total Penelope population is 192, which has shrunk 9.00% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is much lower than the national average rate of 11.61%. Penelope median household income is $44,545 in 2010-2014 and has grown by 40.67% since 2000. The income growth rate is higher than the state average rate of 31.68% and is higher than the national average rate of 27.36%. Penelope median house value is $38,300 in 2010-2014 and has grown by 58.92% since 2000. The house value growth rate is about the same as the state average rate of 59.27% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Penelope is worse than the state average in quality. The Penelope area code is 254.