Penn Valley · Nevada County · Market Report
Acreage, ranch and horse properties, and the gated Lake Wildwood community — Penn Valley is where buyers come for space. It's also home to Farris's brokerage office.
Penn Valley sits west of Grass Valley along Highway 20 and is defined by room to spread out — ranchettes, horse properties, and homes on usable acreage are common, along with the gated Lake Wildwood community built around a private lake and golf course.
Buyers here are usually trading some in-town convenience for land, privacy, and recreation. Lake Wildwood draws interest for its amenities and HOA-maintained setting, while the surrounding area offers more rural, agricultural-style parcels. Farris's Century 21 Cornerstone office is located right in Penn Valley, at 11360 Pleasant Valley Rd.
These figures cover the ZIP code that makes up Penn Valley (95946) as of May 2026. Listing counts are summed across that ZIP; median list price and days on market are listing-count-weighted. Source: Realtor.com residential listings data. Unemployment is Nevada County-level via U.S. BLS.
Penn Valley prices vary widely with acreage and whether a home sits inside Lake Wildwood or on open land, so the county median is only a rough anchor here. For an address-level read on a specific Penn Valley home, request a free home value report.
Conditions still favor sellers — inventory is tight and homes are moving relatively quickly. Well-priced, move-in-ready homes can still draw competition, so buyers benefit from being pre-approved and ready to act.
A few of the areas Farris helps buyers and sellers around Penn Valley.
A gated community around a private lake and golf course with its own amenities and HOA.
Homes on acreage near the regional park west of the village core.
Rural and ranch-style parcels — the area around Farris's brokerage office.
A small historic community just east, known for rural homes and acreage.
Penn Valley sits in the rolling oak country west of Grass Valley, historically ranch and grazing land along the Highway 20 corridor. Nearby Rough and Ready famously — and briefly — declared itself an independent republic in 1850 during the Gold Rush. Just north, the Bridgeport Covered Bridge spans the South Yuba and is among the longest single-span wood-covered bridges in the country.
A gated community built around a private lake and golf course, with recreation amenities for residents.
A historic covered bridge over the South Yuba River, part of South Yuba River State Park.
A large regional park with trails, sports fields, a dog park, and an arboretum.
A small historic community just east, known for its colorful Gold Rush past.
Penn Valley is where the foothills open into space — acreage, horse property, a private lake community, and the South Yuba just up the road. It's also home to Farris's brokerage office.
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