Penn Valley, CA 95946 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Penn Valley, CA—95946

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$523,000

1.1% YoY Growth

Household Income

$84,700

29.3% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

-2.6%

Median Rent

$2,400

9.6% YoY Growth

1-Bed Rent

$1,300

5.7% YoY Growth

2-Bed Rent

$2,250

7.9% YoY Growth

3-Bed Rent

$2,600

9.8% YoY Growth

Home Price Trends — Penn Valley, CA

As of May '26, the median home price in Penn Valley, CA is $523,000, with a year-over-year change of -1.1%. This indicates that home prices in Penn Valley, CA are decreasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$523,000	-1.1%
Single Family	$523,000	-1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

1.2%

2 Bedrooms

35.4%

3 Bedrooms

63.4%

Property Listings — Penn Valley, CA

As of May '26, Realtor.com reports that the median days on market for a home in Penn Valley, CA is 46. This is a decrease of -17.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$536,000	0.0%
Listing Count	100	-4.0%
Listings as % of Homes	1.0%	-4.0%
Days on Market	46	-17.0%

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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%

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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%

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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%

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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

Penn Valley, CA—95946

Key Metrics at a Glance

Home Price Trends — Penn Valley, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penn Valley, CA

% of Rental Stock

Property Listings — Penn Valley, CA

Demographics — Penn Valley, CA

Race and Ethnicity

Mortgage and Risk — Penn Valley, CA

Mortgages

Rentals and Section 8 — Penn Valley, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Penn Valley, CA

Home Price to Income Ratio

Penn Valley, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Rough and Ready, CA

Smartsville, CA

Grass Valley, CA

Oregon House, CA

Dobbins, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.2
Median Home Price	$523,000
Median Household Income	$84,700

Penn Valley, CA—95946

Key Metrics at a Glance

Home Price Trends — Penn Valley, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penn Valley, CA

% of Rental Stock

Property Listings — Penn Valley, CA

Demographics — Penn Valley, CA

Race and Ethnicity

Mortgage and Risk — Penn Valley, CA

Mortgages

Rentals and Section 8 — Penn Valley, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Penn Valley, CA

Home Price to Income Ratio

Penn Valley, CA — ZIP Code Boundary Map

Nearby ZIP Codes

Rough and Ready, CA

Smartsville, CA

Grass Valley, CA

Oregon House, CA

Dobbins, CA

Frequently Asked Questions

What is the average home price in Penn Valley, CA 95946?

How have home prices in Penn Valley, CA 95946 changed over the past year?

What is the home price projection for Penn Valley, CA 95946?

What are the demographics of Penn Valley, CA 95946?

How long does it take homes to sell in Penn Valley, CA 95946?

What is the average rent price in Penn Valley, CA 95946?