Penney Farms, Florida Demographics & Population 2026

A note before these figures: with a population of 642, Penney Farms's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Penney Farms is a small community located in Florida, within Clay County. The total population is 642. It ranks as the 833rd most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Penney Farms is 81.1 years. This is 90% higher than the state median of 42.6 years. 66.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Penney Farms is $52,500. This is 30% lower than the state median of $74,568. It is also 35% lower than the national median of $80,734. The poverty rate stands at 9.6%. This is 24% lower than the state poverty rate of 12.6%. The survey records no unemployed residents in Penney Farms, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $230,800. Housing costs are 36% lower than the state median of $359,000. The home-value-to-income ratio is 4.4x. 15.3% of occupied housing units are owner-occupied. This homeownership rate is 77% lower than the state average of 67.6%.

Race & Ethnicity

Penney Farms has a predominantly White (non-Hispanic) population, comprising 93.5% of all residents. Black or African American residents account for 2.5%. The White (non-Hispanic) population is significantly higher than the state average (93.5% vs 50.4%). The Black or African American population (2.5%) is well below the state average of 14.6%. The Hispanic or Latino population (1.3%) is well below the state average of 27.4%.

Education

49.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% higher than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.9%. Notably, 27.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Penney Farms, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.