Housing costs in Penn Valley?
A typical home costs
$505,900, which is 49.6% more expensive than the national average of
$338,100 and 31.0% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Penn Valley costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and 31.9% cheaper than the state average of
$2,150.
Can I afford Penn Valley?
To live comfortably in Penn Valley, California, a minimum annual income of
$96,840 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Penn Valley?
Penn Valley, CA is known for its affordable cost of living. Property taxes are among the lowest in the area, and housing costs remain stable throughout the year. Residents can choose from a variety of homes, depending on their needs, with rental prices ranging from $400 to $2,500 per month. Other expenses like transportation costs and utilities are also relatively low compared to other areas in California. With its picturesque scenery and friendly community atmosphere, Penn Valley is an excellent place to live without breaking the bank.