Penn Valley Real Estate

Penn Valley

Take a short drive 8 miles west of Grass Valley and you’ll reach Penn Valley, a rural Nevada County community. Speckled with several creeks, lush timber land, and scenic views, Penn Valley is a close-knit and quiet area. With a population of just over 1,300, this truly is small town living at its best.

With a lower elevation than most of Nevada County, Penn Valley is the ideal place for sustainable living. Several vineyards can be found in Penn Valley. There are multiple recreational attractions including Lake Englebright, Western Gateway Park, and the gated community of Lake Wildwood. The South Fork of the Yuba River is popular for summertime activities and runs beneath Bridgeport Covered Bridge, the longest single span covered bridge in the United States.

Some places boast about being family-friendly, but Penn Valley really is perfect for families. For a town as small as this one the city does not skimp on the community amenities. Its pride and joy is the 87-acre community park in the center of town.

Cows in field People Riding Horses Hill in Valley Red Barn House House on Hill House with white gate

Living in Penn Valley, California

Western Gateway Park is a public park open for weekly use to locals and visitors alike. The expansive park includes an old-fashioned amphitheater and pavilion for concerts and stage plays. The armadas are a favorite for families enjoying a nice picnic or holding reunions or other special gatherings. Several local events are held at Western Gateway including the Italian Festival and the Music in the Mountains concert series.

When residents aren’t playing disc golf at the park, they grab their bathing suits and swim in the creek at Western Gateway. The park is a great place to let your four-legged friend stretch his legs at the recently revamped off-leash dog park. There are plenty of walking trails and bike paths, as well.

Local restaurants and nightlife include family dining at Northridge Restaurant, delicious steak dinners at the Tack Room, and the recently opened farm-to-fork dining experience of Twelve 28 Kitchen. Every third Sunday locals gather at the fire station for a community breakfast. From summers boating, fishing, and swimming on the lake to fall days strolling along the leaf covered nature trails, you can craft a wonderful life for you and your family in Penn Valley. Best of all, you won’t have to break the bank to find a spacious home to live in.

Homes for sale in Penn Valley, California

The cost of living is 40% higher in Penn Valley than in the rest of the country but the average commute to work is only 18 minutes; 7 minutes less than the national average. The average Penn Valley resident is about 54 years old – nearly 20 years older than the average California resident and the median household income is more than $15K per year less than the state average at $43K per year.

Although the cost of living is high, real estate in Penn Valley is quite affordable. The median home price is just above $300K. On the higher end, a six bedroom, seven-bath home with over 8,500 square feet costs $3.45 million.

For a four bedroom, two bath home look to pay a little over $570K. You could even find three bedroom, three bath homes for around $300K. Some properties offer vast acreage, while others offer bigger homes.

Whichever type of home you are looking for, Penn Valley has dozens and dozens of properties to choose from. Contact one of our professional agents today to find out more.

Penn Valley - Town vs. County Stats

Avg Price in Penn Valley: $749,500 / County Avg $722,600

52%

Avg Sq. Ft. in Penn Valley: 2,491 / County Avg 2,385

52%

Avg Price per/ft2 in Penn Valley: $301 / County Avg $303

99%

Avg Walkscore in Penn Valley: 12 / County Avg 22

26%

Avg Year Built in Penn Valley: 1986 / County Avg 1980

50%

Avg Days on Website in Penn Valley: 63 / County Avg 76

41%

Penn Valley Real Estate Market Health

New Listings
Reductions
Foreclosures
Short Sales