Penney Farms, FL Overview

Founded in 1926 by chain store magnate J.C. Penney, the unusual community of Penney Farms began with approximately 200 apartment units that featured French-Norman architectural styling.  Located eight miles west of Green Cove Springs, the community was originally intended to serve as a tranquil have for retired ministers, gospel workers, and their wives.  This rather unique demographic reflects Penney's desire to found a community in the memory of his minister father and his mother.  Modern Penney Farms is still a popular retirement site where nearly half of the residents of the town have settled into the expansive Memorial Home Community.  Close proximity to the urban advantages of Jacksonville and the growing suburban development in Clay County makes this serene retreat even more desirable.

Summary

Population Growth (since 2000) 20%
Population Density (ppl / mile) 517.00
Household Size (ppl) 1.597
Households w/ Children 8%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 36%
Median Year in Residency 2.99

Housing Inventory

Penney Farms, FL Housing Inventory 250 36 145 250 36

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Penney Farms, FL Population Demographics

Total: 722

Households:395

Median Age: 63.55

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Penney Farms, FL Temperature

Weather Risk

Penney Farms, FL Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Penney Farms, FL Education Climate Index

Highest Education Level Attained

Penney Farms, FL Highest Education Level Attained 139 68 49 35 18 183 102 139 68 35 18 183

Employment and Finance

Workforce

Penney Farms, FL Workforce

Income by dollar range (Median Income: $37,532)

Penney Farms, FL Income by dollar range 17 14 27 46 30 49 31 10 14 30 33 56 28 10 2 1 0 0

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$617
One Bedroom
$791
Two Bedroom
$969
Three Bedroom
$1,283
Four Bedroom
$1,625

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
No

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Penney Farms, FL Crime

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