Penney Farms, FL Profile: Facts & Data

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Penney Farms, Florida - Basic Facts

The Town of Penney Farms had a population of 831 as of July 1, 2019. Penney Farms ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Penney Farms is located at latitude 29.9797 and longitude -81.8104 in Clay County. The formal boundaries for the Town of Penney Farms encompass a land area of 1.44 sq. miles and a water area of 0 sq. miles. Clay County is in the Eastern time zone (GMT -5). The elevation is 95 feet.

The Town of Penney Farms (GNIS ID: 2407097) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Penney Farms is located within Penney Farms CCD of Clay County.


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  1. Penney Farms 2019 Demographic Data
  2. Growth Rates for Penney Farms (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Penney Farms, FL Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Penney Farms, FL Housing Affordability Index is 151
State of Florida Housing Affordability Index is 113
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Penney Farms, FL Wealth Index is 51
State of Florida Wealth Index is 94
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  5. See the Florida COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 831 (100%)
Population in Households 765 (92.1%)
Population in Families 539 (64.9%)
Population in Group Quarters1 66 ( 7.9%)
Population Density 567
Diversity Index2 41
 

INCOME

Median Household Income $38,462
Average Household Income $52,420
Per Capita Income $25,617
Wealth Index4 51

HOUSING

Total Housing Units 491 (100%)
Owner Occupied HU 167 (34.0%)
Renter Occupied HU 284 (57.8%)
Vacant Housing Units 39 ( 7.9%)
Median Home Value $135,526
Housing Affordability Index3 151
 

HOUSEHOLDS

Total Households 452
Average Household Size 1.69
Family Households 234
Average Family Size 2
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.13% 1.29%
Households 1.11% 1.34%
Families 2.28% 1.17%
Median Household Income   1.69%
Per Capita Income   1.88%

Penney Farms, FL - Peer Comparisons by Rank and Percentile

The table below compares Penney Farms to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 775 16th
Population Density # 701 24th
Diversity Index # 545 41st
Median Household Income # 752 18th
Per Capita Income # 531 42nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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