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Penngrove CDP, CA

ZIP 94951 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94951

Median Home Value
$1,213,100
Median Rent
$1,996
Affordability Snapshot
$334,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,793/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

10.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

50.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94951 in Penngrove CDP, CA, a household would need roughly $334,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,793. That is about 188% above the local median household income ($116,093), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.5%+2% vs US avg
x
Vacancy Rate
5.3%-49% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
2.1%-70% vs US avg
x
Rent Burden >30%
18.9%-62% vs US avg
x
Mortgage-Free
33.8%-11% vs US avg
x
$1,213,100
Home Value
$1,996
Rent
1973
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached94.5%
  • 1-unit attached1.2%
  • 2-9 units3.1%
  • 10+ units0.0%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,213,100
Median rent$1,996
Owner-occupied66.5%
Vacant5.3%
Price-to-income10.4x
Est. income to buy$334,000