Why Live in Penfield
Penfield, a small community in Gifford, Illinois, has a population of around 200 but sees a significant influx during the annual Historic Farm Days in July, attracting 7,000 to 10,000 visitors. This event, hosted by the I & I Antique Tractor and Gas Engine Club, features a museum with exhibits in an old school, including a one-room schoolhouse, log cabin, and antique tractors. Residents have dining options like Last Call Bar & Grill, known for its diverse menu and popular wing night, and Longbranch Steakhouse in nearby Gifford. For groceries, a Dollar General is in Gifford, and a larger County Market is 10 miles away in Rantoul. Penfield's homes range from early 20th-century farmhouses to ranch-style and Cape Cod houses, with prices varying from $50,000 to $180,000. The neighborhood has a full basketball court for recreation, while the Middle Fork River Forest Preserve, six miles north, offers extensive outdoor activities, including stargazing events. Gifford Grade School, a few miles west, is highly rated, with strong teacher quality and academics. Penfield's rural setting includes a post office and the historic St. Lawrence Catholic Church, which will close in 2025. The community is unincorporated, lacking a formal government or town hall.
Frequently Asked Questions
Is Penfield a good place to live?
Penfield is a good place to live. Penfield is considered very car-dependent and somewhat bikeable. Penfield is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. It has a median age of 47. The average household income is $108,865 which is above the national average. College graduates make up 20% of residents. A majority of residents in Penfield are home owners, with 18.9% of residents renting and 81.1% of residents owning their home. A
local real estate agent serving Penfield can help you decide if this neighborhood is the right one for you. Learn more on our
Penfield neighborhood guide.
Is Penfield, IL a safe neighborhood?
Penfield, IL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Penfield?
The median home price in Penfield is $112,450. If you put a 20% down payment of $22,500 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $25K a year to afford the median home price in Penfield. The average household income in Penfield is $109K.
What are the best public schools in Penfield?
The best public schools that serve Penfield are:
What are the most popular zip codes in Penfield, Gifford, IL?
What are the most popular neighborhoods near Penfield, Gifford, IL?
Are home prices dropping in Penfield?
Yes, home prices in Penfield are down 44% in the last 12 months.
Home Trends in Penfield, IL
On average, homes in Penfield, Gifford sell after 2 days on the market compared to the national average of 50 days. The median sale price for homes in Penfield, Gifford over the last 12 months is $75,000, down 42% from the median home sale price over the previous 12 months.
Median Sale Price
$75,000
Median Single Family Sale Price
$112,450
Average Price Per Sq Ft
$73
Number of Homes for Sale
1
Last 12 months Home Sales
1
Median List Price
$112,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-42%