Market Overview
Home Prices in Penn Valley, CA
The median home value in Penn Valley, CA is $528,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Penn Valley are priced29% above average. Penn Valley is part of the Truckee-Grass Valley, CA metro area.
Over the past five years, Penn Valley home values have risen by approximately3.0%, reflecting modest growth in this market.
Price History
Penn Valley Home Price Trend
City Comparison
Penn Valley vs. National Median
At $528,337, homes in Penn Valley cost 29% above the national median of $410,000. Buyers in Penn Valley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Penn Valley?
20% Down Payment
$105,667
on $528,337
Monthly P&I
$2,755/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,499/mo
incl. taxes & insurance
Income Needed
$139,960
gross annual (30% rule)
10% Down Option
$52,834
+ PMI applies
Loan Amount (20% dn)
$422,670
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Penn Valley, CA?
The median home value in Penn Valley is $528,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Penn Valley?
Over the past year, home values in Penn Valley have decreased by 0.8%. Over five years, prices have risen approximately 3.0%.
How much do I need to earn to buy a home in Penn Valley?
To comfortably afford the median home price of $528,337 with a 20% down payment ($105,667) at today's rates (6.8%), you'd need a gross annual income of approximately $139,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Penn Valley compare to the national average home price?
The national median home value is approximately $410,000. At $528,337, homes in Penn Valley are 29% above the national average.
What metro area is Penn Valley part of?
Penn Valley is part of the Truckee-Grass Valley, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.