95946, Penn Valley, CA

Penn Valley is located in the San Ramon Valley in Contra Costa County, California. The zip code 95946 has a population of approximately 27,000 people. Home prices in the Penn Valley zip code range from $269,000 to $1,199,000. Home equity values range from $101,000 to $499,999.

The Penn Valley area has been experiencing strong growth since the early 2000s. According to Zillow data, home prices have increased by an average of 7% annually over the past ten years. This strong growth has led to a rise in home equity values and home equity loans in the area. In 2017 alone, home equity loans increased by 16%.

One reason for this strong growth is that many people are moving to Penn Valley because of its excellent schools and quality of life. The area is known for its large number of affluent families who are willing and able to invest in property and raise their children in a safe and comfortable environment. Additionally, many businesses have relocated or opened up operations here due to the high-quality workforce and low cost of living. This influx of new residents has helped drive up housing prices and increase home equity values within the Penn Valley zip code.