Penn Valley Home Prices & Values

$319,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.0% 1-year change
  • No data 1-year forecast

The median home value in Penn Valley is $319,400. Penn Valley home values have gone up 6.0% over the past year. The median list price per square foot in Penn Valley is $171, which is higher than the Yuba City Metro average of $126. The median price of homes currently listed in Penn Valley is $345,000 while the median price of homes that sold is $300,500. The median rent price in Penn Valley is $1,495.

Foreclosures will be a factor impacting home values in the next several years. In Penn Valley 2.2 homes are foreclosed (per 10,000). This is lower than the Yuba City Metro value of 5.4 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Penn Valley is 6.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Penn Valley homeowners underwater on their mortgage is 13.1%, which is lower than Yuba City Metro at 23.8%.

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Relative ZHVI
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Penn Valley Market Overview

Data through Aug 31, 2014
  • $319,400 ZHVI
  • No data 1-yr forecast
  • $345,000 Median listing price
  • $300,500 Median sale price
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Penn Valley Market Health

Data through Aug 31, 2014
  • 3.6/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 13.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Penn Valley
5.4 homes Yuba City Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Meadow Vista $401,000 Auburn $337,500 Rough and Ready $322,600
Grass Valley $301,900 Wheatland $211,800 Marysville $157,900

Listings & Sales

Data through Aug 31, 2014
  • $171 Median list price / sq ft
  • $169 Median sale price / sq ft
  • 44.4% Listings with price cut
23.1%
Sold below listing
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Penn Valley Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,478 Penn Valley
$1,294 Yuba City Metro
$1,328 United States
  • 1.5 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,495 Rent list price (Jul 31, 2014)
  • $0.85 Rent list price / sq ft (Jul 31, 2014)
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