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These days, finding an affordable place to live in the Penn Valley area can be challenging. Home prices in Penn Valley are now at a median cost of $465,924, lower than the California average of $648,235.
The average cost of rent is $1,823/mo in Penn Valley, primarily driven by the current value of real estate in the Penn Valley area. While nearly 39.42% of residents own their homes outright in Penn Valley, 15.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penn Valley is $7,353 per month. Households that rent pay about 24.79% of their income on rent here. Penn Valley's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Rough And Ready, CA: equally priced homes
- Smartville, CA: less expensive homes
- Grass Valley, CA: less expensive homes
- Sweetland, CA: less expensive homes
- Oregon House, CA: less expensive homes
- Browns Valley, CA: equally priced homes
- Alta Sierra, CA: equally priced homes
- Dobbins, CA: less expensive homes
- Nevada City, CA: higher priced homes
- Beale Afb, CA: less expensive homes
Cities with Similar Populations
- Hamburg, PA: less expensive homes
- Hebron, TX: equally priced homes
- Hebron, IN: less expensive homes
- Heber Springs, AR: less expensive homes
- Heath, TX: equally priced homes
- Hawthorn Woods, IL: equally priced homes
- Havana, FL: less expensive homes
- Hastings-on-Hudson, NY: higher priced homes
- Hartsville, TN: less expensive homes
- Harrison, MI: less expensive homes
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