How many renters in Penney Farms, FL pay more than 30% of their income on rent?
75.5% (±15.3 points) of renting households in Penney Farms, FL spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
70.9% spend 35% or more.
The median renting household spends 46.1% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 75.5% (±15.3 points)
- Paying 35% or more
- 70.9% (±14.2 points)
- Median share of income
- 46.1% (±4.5 points)
Rent as a share of income in Penney Farms
| Share of income spent on rent | Penney Farms | Clay County | Florida | United States |
|---|---|---|---|---|
| Less than 15% | 0.0% (±19.7 points) | 11.1% | 8.1% | 12.6% |
| 15% to 19.9% | 14.8% (±11.6 points) | 12.0% | 9.3% | 12.2% |
| 20% to 24.9% | 8.9% (±8.3 points) | 13.3% | 11.3% | 12.6% |
| 25% to 29.9% | 0.8% (±1.6 points) | 13.7% | 11.3% | 11.5% |
| 30% to 34.9% | 4.6% (±5.6 points) | 9.2% | 9.8% | 9.2% |
| 35% or more | 70.9% (±14.2 points) | 40.7% | 50.2% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Penney Farms against Clay County, its state and the nation
| Penney Farms | Clay County | Florida | United States | |
|---|---|---|---|---|
| Paying 30% or more | 75.5% (±15.3 points) | 49.9% (±4.6 points) | 60.0% (±0.4 points) | 51.1% |
| Paying 35% or more | 70.9% (±14.2 points) | 40.7% (±4.1 points) | 50.2% (±0.4 points) | 41.9% |
| Median share of income | 46.1% (±4.5 points) | 30.0% (±1.8 points) | 35.2% (±0.3 points) | 30.6% |
| Median renter household income | $53,000 (±$13,133) | $60,688 (±$4,784) | $53,617 (±$353) | $52,966 |
| Median gross rent | $1,946 (±$198) | $1,551 (±$62) | $1,669 (±$5) | $1,413 |
In Penney Farms, the share of renters paying 30% or more of income is higher than in Clay County (49.9%).
It is also higher than in Florida (60.0%).
It is higher than the national figure (51.1%).
In Clay County, Penney Farms ranks 1 of 10 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 97 of 843.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Penney Farms
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Penney Farms | — | 75.5% (±15.3 points) | — |
| Asbury Lake | 4.9 mi | 33.9% (±22.6 points) | Lower |
| Middleburg | 7.2 mi | 36.2% (±21.1 points) | Lower |
| Green Cove Springs | 7.8 mi | 27.2% (±16.3 points) | Lower |
| Fleming Island | 10 mi | 51.3% (±12.7 points) | Lower |
| Lakeside | 11 mi | 52.1% (±8.7 points) | Lower |
| Oakleaf Plantation | 13 mi | 46.9% (±14.7 points) | Lower |
| Fruit Cove | 14 mi | 55.9% (±13.7 points) | Not measurably different |
| Bellair-Meadowbrook Terrace | 14 mi | 61.7% (±11.1 points) | Not measurably different |
Nearby places with a measurably lower figure: Asbury Lake, FL (33.9%), Middleburg, FL (36.2%), Green Cove Springs, FL (27.2%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Clay County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Penney Farms | 75.5% (±15.3 points) |
| 2 | Bellair-Meadowbrook Terrace | 61.7% (±11.1 points) |
| 3 | Lakeside | 52.1% (±8.7 points) |
| 4 | Fleming Island | 51.3% (±12.7 points) |
| 5 | Orange Park | 50.5% (±17.1 points) |
| 6 | Oakleaf Plantation | 46.9% (±14.7 points) |
| 7 | Keystone Heights | 38.6% (±24.0 points) |
Showing 7 of 10 places in Clay County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Penney Farms
Are renters in Penney Farms rent-burdened?
75.5% of renting households in Penney Farms pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Penney Farms spend on rent?
The median renting household in Penney Farms, FL spends 46.1% (±4.5 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Penney Farms town, Florida
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Penney Farms town, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Penney Farms town, Florida
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Penney Farms town, Florida (place:55875, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Penney Farms at a glance
- Median rent in Penney Farms
- Rent by bedrooms in Penney Farms
- Renters and owners in Penney Farms
- Income and affordability in Penney Farms
- Types of homes in Penney Farms
- Bedrooms in Penney Farms
- Age of homes in Penney Farms
- Heating fuel in Penney Farms
- Fair Market Rent in Penney Farms
- Florida landlord and tenant rules
- Housing across Clay County
- Florida places ranked by rent burden
- Housing data for every place in Florida