Centrally located on Highway 2A between Red Deer and Innisfail, Penhold is a vibrant family oriented community with a country living feeling.
The population of Penhold was 3,484 in the spring of 2021. Their growing commercial sector makes it simple for residents to shop local. Local merchants include grocery store, pharmacy, medical clinic, dentist, veterinary clinic, bank, coffee shops, restaurants, fast food retailers, hardware store, gas stations, hair salons, convenience stores, liquor and cannabis retailers.
Attractions in Penhold include a museum, a recreation centre with an indoor arena, a baseball diamond, library, a splash park, a campground, an outdoor ice rink, and a skate park/pump track. Two more ball diamonds, walking trails, and 2 soccer fields are in development.
The town is home to three public schools of the Chinook's Edge School Division: Jessie Duncan (Pre-Kindergarten-Grade 3), Penhold Elementary (Grade 4–6), and Penhold Crossing Secondary (Grade 7–12).