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Penn Valley CA Real Estate
An unincorporated community of less than 2,000 people, Penn Valley is one of Nevada County’s hidden treasures. Lying less than 20 minutes west of downtown Grass Valley, Penn Valley, CA real estate has retained much of its charming, rural and small town character.
Once a strategically located wagon stop, Penn Valley’s first residents were the Maidu Indians, who had migrated to the area from Sacramento Valley in the early 19th century. They were followed shortly thereafter by white settlers at the dawn of the California Gold Rush, though gold in large amounts was never found in Penn Valley.
Instead, this lush valley became known as “The Pantry of the Northern Mines,” providing food, supplies and other services to miners on their way to the gold mines. Penn Valley, CA real estate was more agricultural than anything else, and today the area’s rich and expansive farmlands have attracted equestrians, developers and homebuyers looking for Penn Valley, CA property with acreage.
The median home price in the general area is $450,000, and while home values here have fallen from five to ten percent, it’s worth noting that Nevada County is the only county in all of California that hasn’t been listed as “Distressed.”
Penn Valley, CA property is made up mostly by horse and ranch properties. There are still a lot of wide, open spaces here, making Penn Valley, CA real estate perfect for those who need more room than usual.
Like the rest of Nevada County, Penn Valley is all about the great outdoors. From hiking, biking and horseback riding to swimming, fishing and jet-skiing, there’s always something to do in this scenic Sierra Foothills community. Let John Miller and Edith Heaney show you how fun living in Penn Valley can be.
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