Last updated: 2024 BLS data · Page refreshed:
Penney Farms has a population of 642 with a median age of 81.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 642 |
| Median Age | 81.1 |
| White | 94.7% |
| Black or African American | 2.5% |
| Hispanic or Latino | 1.2% |
| Other / Two or More Races | 1.6% |
The median household income in Penney Farms is $52,500, which is 34.9% below the national median of $80,610. The per capita income is $35,841. The poverty rate is 9.6%.
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In Penney Farms, 91.9% of residents age 25+ have a high school diploma or higher, and 49.7% hold a bachelor's degree or higher (27.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.9% |
| Bachelor's Degree or Higher | 49.7% |
| Graduate or Professional Degree | 27.6% |
The median home value in Penney Farms is $230,800, below the national median of $303,400. The median monthly rent is $1,946. The homeownership rate is 15.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $230,800 |
| Median Monthly Rent | $1,946 |
| Homeownership Rate | 15.3% |
| Vacancy Rate | 13.8% |
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