Florida · Census place 55875
Penney Farms town, FL
Quick answer
Penney Farms town has 573 residents, ranking #845 of 955 places in Florida. Median household income is $60,625, the median home is worth $213,300 and median gross rent runs $1,893 a month.
- Population
- 573Penney Farms town residents
- Median household income
- $60,625Past 12 months, inflation adjusted
- Median home value
- $213,300Owner-occupied units
- Median gross rent
- $1,893Rent plus utilities, monthly
- Median age
- 79.9 yrsAll residents
- Homeownership rate
- 14%Owner-occupied households
What the numbers mean in Penney Farms town
Housing cost measured against local earnings.
A household earning the Penney Farms town median would spend about 37.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.4% of residents and 14% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Florida.
- Hastings CDP 608
- Micanopy town 604
- Garcon Point CDP 581
- Altha town 567
- Hillsboro Pines CDP 567
- Beverly Beach town 564
- Lake Mystic CDP 556
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