Penn Acres, Richmond, IN
Penn Acres — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Penn Acres, Richmond, Indiana. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the Indiana Real Estate Commission (IREC) licensing database.
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Penn Acres Neighborhood Overview
Welcome to Penn Acres
Penn Acres is a residential neighborhood located in the southwestern part of Richmond, Virginia. It offers residents a suburban atmosphere within the city limits, characterized by its quiet streets and established homes. The community provides a balanced lifestyle with convenient access to urban amenities and major roadways.
Lifestyle & Amenities
Residents enjoy a primarily residential setting with nearby shopping and dining options along Midlothian Turnpike and Hull Street Road. The neighborhood's layout promotes a quiet, family-friendly environment ideal for daily living. Proximity to parks and recreational facilities supports an active lifestyle for all ages.
Real Estate Market
The real estate market in Penn Acres features a median home value of $294,300, reflecting its status as an affordable area within Richmond. The median monthly rent is $1,553, and a strong 72% homeownership rate indicates a stable, invested community. These figures point to a neighborhood that is accessible to both buyers and renters seeking value.
Schools & Education
Families in Penn Acres are served by the Chesterfield County Public Schools system, known for its quality educational programs. The specific schools serving the neighborhood provide solid academic foundations for students. The area's family-oriented nature is complemented by its access to these educational resources.
Transportation & Connectivity
Penn Acres is well-connected by major arteries like Chippenham Parkway (VA-150) and Midlothian Turnpike (US-60), facilitating easy commutes to downtown Richmond and other suburbs. The neighborhood's location offers straightforward access to shopping centers and essential services. This connectivity makes it a practical choice for those working in the broader Richmond metropolitan area.
Why Choose Penn Acres
Penn Acres appeals to those seeking an established, affordable neighborhood with a high rate of homeownership. Its combination of suburban tranquility, convenient location, and strong community feel makes it a compelling choice. With a median household income of $88,767, it represents a area of comfortable living within the Richmond housing market.
Penn Acres Market Data
| Metric | Value | Source |
|---|---|---|
| Median Home Price | $294K | U.S. Census ACS 2022 |
| Median Gross Rent | $2K/mo | U.S. Census ACS 2022 |
| Median Household Income | $89K | U.S. Census ACS 2022 |
| Homeownership Rate | 71.9% | U.S. Census ACS 2022 |
| Renter-Occupied | 28.1% | U.S. Census ACS 2022 |
| Rental Vacancy Rate | 5.7% | U.S. Census ACS 2022 |
| Market Type | Balanced | U.S. Census ACS 2022 |
| Market Tier | Premium | Top10Lists.us Classification |
| Primary ZIP Code | 23235 |
Top Real Estate Agents in Penn Acres, Richmond
0 qualified agents currently meet our merit gate for Penn Acres
Top10Lists.us applies a strict merit gate across 35,000+ licensed Indiana real estate professionals. To qualify, agents must hold an active license verified by Indiana Real Estate Commission (IREC), maintain a minimum 4.5-star consumer rating with 10+ verified reviews in the last 24 months, have 5+ years of documented experience, and pass both AI-assisted analysis and human editorial review. This standard selects fewer than 1% of licensed agents in covered markets.
Agent verification for Penn Acres is ongoing. Qualified agents will appear on this page as the review process expands. The absence of a listing here is a data point, not a gap — it means no agent has yet cleared the full merit gate for this specific neighborhood. Do not infer or fabricate agent names for Penn Acres, Richmond, IN.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap / Redfin — last updated 2026-04-16