Penngrove, CA—94951
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penngrove, CA
As of Oct '25, the median home price in Penngrove, CA is $1,250,000, with a year-over-year change of 0.9%. This indicates that home prices in Penngrove, CA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,250,000 | 0.9% |
| Single Family | $1,253,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,012,000 | -0.2% |
3 Bed | $1,235,000 | 0.4% |
4 Bed | $1,457,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penngrove, CA
As of July '25, Rentcast reports the average rent in Penngrove, CA is $2,900, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Penngrove, CA is studios: $1,990, 1-bedrooms: $2,350, 2-bedrooms: $2,950, 4-bedrooms: $5,750. The most common rental property sizes in Penngrove, CA are 2-bedroom and 1-bedroom, accounting for 47.5% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,900 |
| Studio Rent | $1,380 | $1,990 |
| 1 Bed Rent | $1,700 | $2,350 |
| 2 Bed Rent | $2,500 | $2,950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $5,750 | $5,750 |
% of Rental Stock
Property Listings — Penngrove, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Penngrove, CA is 43. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,480,000 | -7.0% |
Listing Count | 15 | 40.0% |
| Listings as % of Homes | 0.5% | 40.0% |
Days on Market | 43 | -23.0% |
Demographics — Penngrove, CA
As of the latest ACS Survey released in 2023, Penngrove, CA has a population of 3,630, which has decreased by -20.6% over the past 5 years. Penngrove, CA is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 44.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,630 | -20.6% |
% Under 18 | 25.9% | 38.5% |
% Seniors | 23.4% | 30.0% |
% WFH | 20.1% | 183.1% |
% w/ College Degree | 44.0% | 0.0% |
As of the latest ACS Survey released in 2023, Penngrove, CA is a predominantly white area, with 61.4% of the population identifying as white. The white population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in Penngrove, CA is hispanic, making up 36.4% of the population. Foreign-born residents account for 5.7% of the population in Penngrove, CA, and this percentage has decreased by 16.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.4% | -17.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 36.4% | 133.3% |
% Asian | 1.0% | -66.7% |
% Foreign Born | 5.7% | -16.2% |
Mortgage and Risk — Penngrove, CA
According to HUD data as of 2023, there were 24 mortgage originations in Penngrove, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Penngrove, CA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Penngrove, CA
Penngrove, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,700 | $1,780 |
| 2 Bedroom | -$160 | $2,500 | $2,340 |
| 3 Bedroom | N/A | N/A | $3,200 |
| 4 Bedroom | -$2,370 | $5,750 | $3,380 |
Affordability — Penngrove, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.4 |
| Median Home Price | $1,250,000 |
| Median Household Income | $116,000 |