The housing in Penryn, CA is incredibly expensive, with the median value being $798,200. This is significantly higher than the US median value of $338,100. In the past year, the US has experienced an appreciation rate of 8.27%, but Penryn's appreciation rate is much lower at 3.56%. This shows that while the housing market is increasing in value across the country, it is not doing so as quickly in Penryn. Despite this slower growth rate, this area remains a desirable location for potential homeowners due to its proximity to major cities and natural beauty.
The median home cost in Penryn is $798,200. Home appreciation the last 10 years has been 147.6%. Home Appreciation in Penryn is up 9.7%.
Average Age of Homes
- The median age of Penryn real estate is 40 years old
The Rental Market in Penryn
- Renters make up 9.0% of the Penryn population
- 2.5% of houses and apartments in Penryn, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.