Why Live in Penn Valley
Penn Valley, CA, located at the foothills of the Sierra Mountains, is a rural community with suburban elements. Historically known for its farmland during California's Gold Rush, Penn Valley now features homes on expansive acreage and smaller residential lots, including ranch styles, farmhouse styles, and custom builds. Some newer properties showcase old-world designs like Mediterranean and Victorian. The area includes Lake Wildwood, a gated community with homes overlooking an 18-hole golf course and a 300-acre lake, offering private parks and over 40 clubs. Residents enjoy recreational activities at Western Gateway Park, which spans nearly 90 acres and includes a swimming lake, sports courts, baseball fields, an 18-hole disc golf course, playgrounds, and an off-leash dog park. The Hamilton Raptor Center educates the public on birds of prey, while South Yuba River State Park features 9 trails, swimming holes, and historic bridges. Dining options in Penn Valley include Players Restaurant and Sports Bar, Daybreak Cafe, Blue Cow Deli, and Crazy 4 Yogurt. Shopping is centered around Penn Valley Drive and Highway 20, with local retailers like True Value Fence and Ranch Supply and Pearsons Feed. The Penn Valley Rodeo, a significant annual event, supports community initiatives such as scholarships for agriculture students and paramedics. Although Penn Valley poses a fire risk, with a notable wildfire in 2024, it remains a community with diverse recreational and dining options, and a blend of rural and suburban lifestyles.
Frequently Asked Questions
What is the average home price in Penn Valley, CA?
Homes for sale in Penn Valley, CA have an average home price of $768,904.
Are home prices dropping in Penn Valley?
Yes, home prices in Penn Valley are down 30% in the last 12 months.
How many homes have sold over the last 12 months in Penn Valley, CA?
17 homes have sold in Penn Valley, CA over the last 12 months.
What are the most popular zip codes in Penn Valley, CA?
How much do you need to make to afford a house in Penn Valley?
The median home price in Penn Valley is $699,000. If you put a 20% down payment of $139,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,620 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $155K a year to afford the median home price in Penn Valley.
How are the schools in Penn Valley, CA?
Home Trends in Penn Valley, CA
On average, homes in Penn Valley, CA sell after 57 days on the market compared to the national average of 70 days. The median sale price for homes in Penn Valley, CA over the last 12 months is $683,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$683,000
Median Single Family Sale Price
$683,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
2
Last 12 months Home Sales
17
Median List Price
$699,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-1%
