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Penn Valley Union

Learn about the people, housing, costs and businesses in Penn Valley Union, California

Median Home$566,676
Median Rent$1,984/month
Population12,321
Leading IndustriesWholesale Trade · Professional Services · Public Administration16% wholesale trade
Home Value Growth-3.3% over 2 years
Retirees33% of residentstop 1% nationally
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 5% nationally
NotableHighly Educated27% hold a bachelor's degree · top 10% nationally
Penn Valley Union
CA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Penn Valley Union?

As of today, the 30-year fixed mortgage rate for Penn Valley Union is approximately 6.848% (6.882% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Penn Valley Union?

The median home value in Penn Valley Union is $567k. The median monthly rent is $1,984. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penn Valley Union?

Home values in Penn Valley Union have decreased 3.3% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Penn Valley Union?

Based on a typical all-in ownership cost of $2,031/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penn Valley Union is $90k/year.

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What industries drive the economy in Penn Valley Union?

The largest employment sectors in Penn Valley Union are public administration (27%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.