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Penhook, VA

Full City Profile · Virginia · Franklin County County

3.5 /5.0
B+ Good
1,253 Population 112/sq mi density
$99,176 Median Income $47,411 per capita
$476,500 Home Value $477,362 Zillow
56°F Avg Temperature 305 sunny days/yr
269 Violent Crime/100K 3,619 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$99,176 median income, 0.5% unemployment
B+
Affordability
4.0 / 5.0
$476,500 home value, /mo rent
F
Safety
1.0 / 5.0
269 violent crimes/100K
A
Education
4.2 / 5.0
40.3% bachelor's degree or higher

Housing Overview

Median Home Value
$476,500
69% above
US avg: $281,900
Homeownership Rate
85.5%
31% above US avg (65.4%)
Total Housing Units
895
Median year built: 1992

Home Value by Source

Census Median
$476,500
Zillow (ZHVI)
$477,362
Median Sale Price
$1,800,000
Median List Price
$1,599,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

85.5%
Owner-Occupied
14.5%
Renter-Occupied
86%
15%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo

Market Indicators (Redfin)

Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
8.3%
of listings with price reduction
Price Per Sq Ft
$331
Active Inventory
12
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
85.5%

Complete Housing Data

Home Values

Census Median Value$476,500
Zillow Home Value (ZHVI)$477,362
Median Sale Price$1,800,000
Median List Price$1,599,000
Price Per Sq Ft$331

Rent

FMR Studio$1,137
FMR 1-Bedroom$1,181
FMR 2-Bedroom$1,369
FMR 3-Bedroom$1,787
FMR 4-Bedroom$2,126

Market

Days on Market0
Sale-to-List Ratio1.0%
Price Drops8.3%
Homes Sold1
Active Inventory12
Price Per Sq Ft$331

Ownership & Stock

Owner-Occupied85.5%
Renter-Occupied14.5%
Homeownership Rate85.5%
Total Housing Units895
Median Year Built1992
Rent Burden30.7%