Penn Valley, CA—95946
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penn Valley, CA
As of Oct '25, the median home price in Penn Valley, CA is $515,000, with a year-over-year change of -1.6%. This indicates that home prices in Penn Valley, CA are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $515,000 | -1.6% |
| Single Family | $515,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $410,000 | -3.3% |
3 Bed | $509,000 | -1.7% |
4 Bed | $655,000 | 0.0% |
| 5 Bed | $767,000 | 1.1% |
% of Housing Stock
Rental Trends — Penn Valley, CA
As of July '25, Rentcast reports the average rent in Penn Valley, CA is $2,520, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Penn Valley, CA is 1-bedrooms: $1,480, 2-bedrooms: $2,320, 3-bedrooms: $2,680, 4-bedrooms: $2,900. The most common rental property sizes in Penn Valley, CA are 3-bedroom and 2-bedroom, accounting for 63.4% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,480 |
| 2 Bed Rent | $2,250 | $2,320 |
| 3 Bed Rent | $2,600 | $2,680 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Penn Valley, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Penn Valley, CA is 75. This is a decrease of -3.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | 3.0% |
Listing Count | 91 | 11.0% |
| Listings as % of Homes | 1.0% | 11.0% |
Days on Market | 75 | -3.0% |
Demographics — Penn Valley, CA
As of the latest ACS Survey released in 2023, Penn Valley, CA has a population of 9,450, which has remained stable by 0.8% over the past 5 years. Penn Valley, CA is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,450 | 0.8% |
% Under 18 | 16.3% | 15.6% |
% Seniors | 36.3% | 7.4% |
% WFH | 16.5% | 65.0% |
% w/ College Degree | 35.3% | 0.6% |
As of the latest ACS Survey released in 2023, Penn Valley, CA is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Penn Valley, CA is hispanic, making up 14.5% of the population. Foreign-born residents account for 2.3% of the population in Penn Valley, CA, and this percentage has decreased by 39.5% 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 | 79.4% | -10.2% |
% Black | 0.2% | -86.7% |
% Hispanic | 14.5% | 123.1% |
% Asian | 1.0% | -16.7% |
% Foreign Born | 2.3% | -39.5% |
Mortgage and Risk — Penn Valley, CA
According to HUD data as of 2023, there were 241 mortgage originations in Penn Valley, CA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Penn Valley, CA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Penn Valley, CA
Penn Valley, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,300 | $1,740 |
| 2 Bedroom | $30 | $2,250 | $2,280 |
| 3 Bedroom | $590 | $2,600 | $3,190 |
| 4 Bedroom | $930 | $2,900 | $3,830 |
Affordability — Penn Valley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $515,000 |
| Median Household Income | $84,700 |