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Short Sale Listings in Penn Valley, CA

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View this home at Woodland Loop Penn Valley CA 95946
Preforeclosure
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Woodland Loop
Penn Valley, CA 95946
Single-Family
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4 |
2
AUCTION: 04-24-2024
Single-Family
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4 |
2
View this home at Glenn Loop Penn Valley CA 95946
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Glenn Loop
Penn Valley, CA 95946
AUCTION: 04-22-2024
View this home at Indian Springs Rd Penn Valley CA 95946
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Indian Springs Rd
Penn Valley, CA 95946
Land
AUCTION: 06-26-2024
Land
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Home Value Estimator For Penn Valley, CA

There are currently 3,975 real estate properties in Penn Valley, CA, with a median automated valuation model (AVM) price of $485,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penn Valley, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Penn Valley, CA, is $548,591.00, with the most expensive house in Penn Valley, CA, topping out at $3,413,900.00 and the cheapest home in Penn Valley, CA, clocking in at $29,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Penn Valley, CA!


Rent Prices In Penn Valley, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penn Valley, CA, is on a rollercoaster ride. The average rent price in Penn Valley, CA, is $1,856.00. Indeed, when looking to rent in Penn Valley, CA, you can expect to pay as little as $1,110.00 or as much as $4,340.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Penn Valley, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Penn Valley, CA In 2024

Penn Valley is located in Nevada, California, with an estimated municipal population of 1,341 residents. All of the best foreclosed homes for sale in Penn Valley are located in the following zip code areas on Foreclosure.com: 95946. The estimated population per square kilometer (.62 miles) in Penn Valley is 244.


Cost Of Living In Penn Valley, CA

So, about how much do homes cost in Penn Valley? The most recent median value of resident-owned homes in Penn Valley is 304,990. An estimated 71.9 percent of households in Penn Valley own their homes, with an average family size of 3.24. The median household income in Penn Valley is 42,904, with9.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Penn Valley, the median commute time of resident workers (in minutes) is 45. And last, but certainly not least, are you looking for homes to rent in Penn Valley? If so, the average rent price paid by renters in Penn Valley is 1,279, according to recent statistics.


Diversity And Demographics In Penn Valley, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Penn Valley, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Penn Valley is 44.6, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Penn Valley is 55.7, with an average family size of 3.24.

The percentage of residents who report their race in Penn Valley is as follows:

White 98.4%
Black / African American 0%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.9%
Other 0%

Looking for family-friendly neighborhoods in and/or near Penn Valley? Or maybe you are searching for 55+ active adult communities in and/or near Penn Valley?

The percentage of residents who report their age in Penn Valley is as follows:

Under 10 8.2%
Aged 10-19 11.4%
20s 15.7%
30s 10.9%
40s 6.2%
50s 15.5%
60s 16%
70s 11%
80+ 5.1%

Best Schools In Penn Valley, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Penn Valley with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Penn Valley.


Pros And Cons Of Living In Penn Valley, California

How do you know that living in -- or moving to -- Penn Valley is right where you need to be? Perhaps you grew up in Penn Valley or already live nearby; therefore, the decision to buy a home in Penn Valley is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Penn Valley for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Penn Valley:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Penn Valley.


Reasons To Move To Penn Valley, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Penn Valley can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Penn Valley, meanwhile, can field multiple offers from more qualified buyers.

Penn Valley, CA Short Sale Listings


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