Penney Farms, FL population, income and ZIP codes

Penney Farms town is a very small community in Florida, with 573 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #845 of 955 ranked by population — larger than 11% of them. The median age here is 79.9 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Penney Farms town earn a median of $60,625 a year, 22.8% below the national figure of $78,538 and 12% below the $68,617 median for the 775 Florida cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 8.4% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Penney Farms town is valued at $213,300, 29.7% below the national figure and 30% below the $305,300 peer median, while median gross rent runs $1,893 a month, 34.6% above the national figure, or roughly $22,716 across a full year. A household on the local median income would put about 37.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is a stretch on median earnings. The home-price-to-income ratio works out to 3.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 14% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Penney Farms town is the unusual combination of expensive to rent and cheap to buy: rent takes 37.5% of median income while homes cost only 3.5× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price. A median age of 79.9 puts Penney Farms town well into retirement-weighted territory, which pulls median household income down even where household wealth is high, because retirement draws are counted differently from wages.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.