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Penngrove

Learn about the people, housing, costs and businesses in Penngrove, California

Median Home$1,108,741
Median Rent$1,945/month
Population2,212
Leading IndustriesPublic Administration · Education · Healthcare37% public administration
Home Value Growth⬇⬇-12.7% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners73% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableVeteran Community10% of residents · top 14% nationally
Penngrove
CA

Frequently Asked Questions

What are today's mortgage rates in Penngrove?

As of today, the 30-year fixed mortgage rate for Penngrove is approximately 6.775% (6.807% 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 Penngrove?

The median home value in Penngrove is $1.1M. The median monthly rent is $1,945. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penngrove?

Home values in Penngrove have decreased 12.7% 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 Penngrove?

Based on a typical all-in ownership cost of $1,803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penngrove is $104k/year.

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What industries drive the economy in Penngrove?

The largest employment sectors in Penngrove are public administration (37%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.