Penney Farms, FL
Population 573 · Florida
About Penney Farms, FL
Penney Farms is a small community in Florida with a population of 573 residents. The median household income is $60,625 per year, which is near the national average. The median age in Penney Farms is 79.9 years.
Housing in Penney Farms has a median home value of $213,300 and median monthly rent of $1,893. Of the 262 total housing units, renting is more common than owning, with 32 owner-occupied and 196 renter-occupied units.
The unemployment rate in Penney Farms is 0.0% and the poverty rate is 8.4%. 51.5% of residents hold a bachelor's degree or higher. The average commute time is 35.6 minutes.
Cost of Living in Penney Farms, FL
Compared to national averages, Penney Farms has a median household income of $60,625 (19% below the national median of $75,149). Home values average $213,300, which is 13% below the national median. Monthly rent at $1,893 is 63% above the US average of $1,163. Within Florida, Penney Farms's income is 20% below the state average of $75,893, and home values are 40% below the state median of $353,675.
Why Live in Penney Farms, FL?
Penney Farms offers affordable housing with a median home value of $213,300, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 51.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.4%, better than the national average.
Potential considerations include median household income ($60,625) that falls below the national average. However, Penney Farms’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Penney Farms has a population of 573 with a median age of 79.9 years. Compare Penney Farms with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Penney Farms
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Altha | 567 | $32,898 | $85,300 | Compare |
| Hillsboro Pines | 567 | $82,778 | $489,900 | Compare |
| Garcon Point | 581 | $106,463 | $347,000 | Compare |
| Beverly Beach | 564 | $43,864 | $297,100 | Compare |
| Lake Mystic | 556 | $58,375 | $300,000 | Compare |
| Orchid | 553 | $136,875 | $2,000,001 | Compare |
| Micanopy | 604 | $68,393 | $230,600 | Compare |
| Hastings | 608 | $0 | $205,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Penney Farms With Other Cities
Frequently Asked Questions about Penney Farms
What is the population of Penney Farms, FL?
The population of Penney Farms, FL is 573 according to the latest Census data.
What is the median household income in Penney Farms?
The median household income in Penney Farms, FL is $60,625 per year.
What is the median home value in Penney Farms?
The median home value in Penney Farms, FL is $213,300.
What is the average rent in Penney Farms?
The median monthly rent in Penney Farms, FL is $1,893.
What is the unemployment rate in Penney Farms?
The unemployment rate in Penney Farms, FL is 0.0%.