The size of Penrice is approximately 19.1 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Penrice in 2016 was 434 people. By 2021 the population was 486 showing a population growth of 12.0% in the area during that time. The predominant age group in Penrice is 40-49 years. Households in Penrice are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Penrice work in a managers occupation.In 2021, 82.40% of the homes in Penrice were owner-occupied compared with 84.30% in 2016.
Penrice has 272 properties. Over the last 5 years, Houses in Penrice have seen a 99.46% increase in median value, while Units have seen a 554.00% increase. As at 31 October 2025:
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