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Penn Valley

Penn Valley

$495,710 Average Value
$289 Average Price per Sq Ft
34 Homes For Sale

Penn Valley is largely rural with suburban charms

During California's Gold Rush era, Penn Valley's farmlands served as the "pantry" for the northern mines. More than 170 years later, the community remains largely rural, with homes on acres, while also incorporating suburban lifestyles, including a golf course community. Located at the foothills of the Sierra Mountains, Penn Valley could be described as a sweet spot geographically. "We're above the fog and below the snow," says Realtor and broker Dick Law, president of Paul Law Realty. "In California's Central Valley, winter fog can get so thick you can't see your hand in front of your face." He adds that just 12 miles away, Nevada City experiences harsher winters due to its higher elevation. Residents of Penn Valley enjoy a large recreational park, riding their horses through the valley and aren't too far from swimming holes and trails along the South Yuba River canyon. There are also enough restaurants to satisfy a wide range of cravings in Penn Valley, even if retail is relatively slim.

Lake Wildwood Golf Course is an 18-hole course in Penn Valley.
Lake Wildwood Golf Course is an 18-hole course in Penn Valley.
The beautiful Yuba River gorge is a hiker, and swimmers paradise just north of Penn Valley.
The beautiful Yuba River gorge is a hiker, and swimmers paradise just north of Penn Valley.
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Homes in the countryside or on the golf course

Ranch styles, farmhouse styles and custom builds settle on small residential lots and expansive acreage in Penn Valley. Some newer properties are built in old-world styles, from Mediterranean to Victorian. Many properties are zoned for horses, often with barns, riding trails and fenced-in pastures. Lake Wildwood, a gated community established in the 1960s, has homes overlooking an 18-hole golf course and a 300-acre lake. Residents also enjoy private parks and over 40 clubs supported by The Lake Wildwood Community Association, including for golf, fishing, gardening, music and pickleball. “Before Lake Wildwood was created, we called Penn Valley Penntucky. It just had a really rural downhome feeling, and Lake Wildwood created a more suburban atmosphere,” Law says, adding that he lived in the golf course community for decades. The median sale price in Penn Valley is $520,000, but a lakefront home can go for over $2 million and a tiny, manufactured home for less than $30,000.

This custom-built home offers a dormer window, 3-car garage and rock face accents in Penn Valley.
This custom-built home offers a dormer window, 3-car garage and rock face accents in Penn Valley.
This ranch-style home is the typical style of home you will find in Penn Valley.
This ranch-style home is the typical style of home you will find in Penn Valley.
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Penn Valley's sports courts, dog park and swimming holes

Western Gateway Park is a community hub on the north side of town. Spanning nearly 90 acres, it encompasses diverse recreation, including a swimming lake and a range of sports courts, baseball fields and an 18-hole disc golf course. The park also offers playgrounds for various ages and an off-leash dog park. Hamilton Raptor Center is a volunteer-run, bird of prey rescue that educates the public on raptor history and their integral role in nature. South Yuba River State Park is in the greater Penn Valley region. Stretching along the South Yuba River canyon for 20 miles, the park hosts 9 trails, including the Independence Trail, which is wheelchair accessible. Swimming holes and historic bridges punctuate the park, and native flowers brighten it during the springtime.

The Yuba River, just north of Penn Valley, has some great swimming holes.
The Yuba River, just north of Penn Valley, has some great swimming holes.
Your dog will love the dog park at Western Gateway Park.
Your dog will love the dog park at Western Gateway Park.
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Places to buy chicken feed and get a good meal

Most shopping and dining surround Penn Valley Drive and Highway 20. Players Restaurant and Sports Bar is a go-to for their pizza of the month specials and family spaghetti nights. The bar also hosts jam sessions and open mic nights on Wednesday nights. Daybreak Cafe whips up breakfast staples, from omelets to pancakes. Blue Cow Deli’s menu has a long list of sandwiches, from chicken pesto paninis to simple ham and cheese. Crazy 4 Yogurt is in town for a sweet treat. Western Gateway Park hosts the Penn Valley Farmers Market from spring to fall. Holiday Market is in town for groceries. Retailers from True Value Fence and Ranch Supply to Pearsons Feed serve local farmers and homesteaders. For more options, including chains such as Target and niche locally owned boutiques selling fair trade products, locals can head into Grass Valley, less than 9 miles away, and Nevada City, roughly 12 miles from Penn Valley.

Penn Valley’s Blue Cow Deli has amazing, tasty sandwiches.
Penn Valley’s Blue Cow Deli has amazing, tasty sandwiches.
Penn Valley offers a local farmers market every Sunday.
Penn Valley offers a local farmers market every Sunday.
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Penn Valley Rodeo gives back to the community

The Penn Valley Rodeo is one of the biggest events of the year. The rodeo began in 1956 by local ranchers as a way to raise money for volunteer firefighters. Today, the rodeo still supports the community in numerous ways, including awarding scholarships annually to agriculture students and paramedics serving The Penn Valley Fire District.

Travelers take Route 20 and Nevada County Connects

California State Route 20 flows through Penn Valley. Route 6 of Nevada County Connects travelers to Grass Valley.

Public schools through two districts

Students attend the Penn Valley Union Elementary School District and the Nevada Joint Union High School District. They may begin at Ready Springs Elementary School, which is rated B-minus on Niche and covers Kindergarten through eighth grade. From there, they may filter into Silver Springs High School, which earns a C. The elementary school's "Meaningful Enrichment" program provides individual support to students, helping them through their academic challenges.

The courses at Silver Springs High School encourage critical thinking and creativity.
The courses at Silver Springs High School encourage critical thinking and creativity.
Ready Springs Elementary School provides a safe, positive, and nurturing environment for students.
Ready Springs Elementary School provides a safe, positive, and nurturing environment for students.
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Penn Valley poses a fire risk

Fire is a concern here. A wildfire in 2024 led to the evacuation of parts of town, including Lake Wildwood.

Kathryn Ashworth
Written By
Kathryn Ashworth
Daniel Reagan
Photography Contributed By
Daniel Reagan
Mary Desmond
Video By
Mary Desmond

Interested in learning more about homes in this area? Reach out to Pamela Morey, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
3,394
Number of Homes for Sale
34
Median Year Built
1984
Months of Supply
2.50
Average Single Family Home Size Sq Ft
2,084
Above the national average
1,931
Average Townhouse Size Sq Ft
2,052
Average 2 Bedroom Size Sq Ft
864
Median Lot Size Sq Ft
14,810

Open Houses

  • Saturday, Mar 28
    Open Sat 11AM - 2PM

    11799 Lake Wildwood Dr, Penn Valley, CA 95946

    $489,900

    • 2 Beds
    • 2 Baths
    • 1,496 Sq Ft
    • 11799 Lake Wildwood Dr
    • New 14 days ago

    This exquisite single-story golf course home is perfectly positioned on the 10th fairway, making it one of the most coveted lots in the community. This cleaner energy, all-electric home, boasts an array of impressive features and recent renovations including a new HVAC system, sophisticated tile flooring and quartz counters in kitchen and baths. The kitchen's sleek design is a focal point,

    Jacqueline Garrens Absolute Realty

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  • Saturday, Mar 28
    Open Sat 11AM - 2PM

    19056 Hummingbird Dr, Penn Valley, CA 95946

    $475,000

    • 3 Beds
    • 2 Baths
    • 1,884 Sq Ft
    • 19056 Hummingbird Dr

    Now $475,000! Live the Lake Wildwood lifestyle at an even more attractive price. Enjoy peaceful surroundings, resort-style amenities, and a home that's ready to welcome you. This is your chance to make the move!Discover the joy of lake life in this inviting 3-bedroom, 2-bath split-level home with views of Lake Wildwood, located in one of Nevada County's most sought-after gated communities. From

    Marsha Smith Professional Realty Services International Inc.

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  • Sunday, Mar 22
    Open Sun 11AM - 2PM

    18263 Lake Forest Dr, Penn Valley, CA 95946

    $389,000

    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • 18263 Lake Forest Dr

    This inviting Tahoe-style chalet backs up to open space and is set on a level lot. Vaulted ceilings with wood beams and a fireplace anchor the open floor plan. The home offers two bedrooms plus a loft, providing flexible space for guests or home office. French doors open to the patio and backyard, extending the living area outdoors. A fenced garden with raised beds is ready for planting, and an

    Tish Caddell Keller Williams Realty Gold Country

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Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Penn Valley Has More Owners

Demographics

Total Population
1,224
Median Age
47
Population under 18
21%
On par with the national average
23.8%
Population over 65
28.1%
Above the national average
19.1%

Finances

Median Household Income
$60,388
Significantly below the national average
$79,601
Average Household Income
$81,040

Education and Workforce

High School Graduates
94.8%
College Graduates
14.5%
Below the national average
34.1%
Advanced Degrees
1.8%
% Population in Labor Force
44.6%
Below the national average
64.9%

Weather

Annual Precipitation
63''
Average Winter Low Temperature
34°F
Average Summer High Temperature
87°F
Annual Snowfall
2''

Area Factors

Somewhat friendly

Bike Score®®

20 / 100

Somewhat friendly

Walk Score®®

20 / 100

Somewhat friendly

Transit Score®®

20 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Penn Valley