Pennington Gap, VA
Full City Profile · Virginia · Lee County County
2.5
/5.0
C+
Fair
2,020
Population
1,210/sq mi density
$22,857
Median Income
$20,830 per capita
$86,900
Home Value
$95,153 Zillow
$790
Median Rent
36.6% income on rent
55°F
Avg Temperature
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
F
Economy
1.1 / 5.0
$22,857 median income, 21.2% unemployment
A+
Affordability
4.5 / 5.0
$86,900 home value, $790/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.8 / 5.0
10.0% bachelor's degree or higher
Housing Overview
Median Home Value
$86,900
69% below
US avg: $281,900
Median Rent
$790/mo
32% below
US avg: $1,163/mo
Homeownership Rate
40.3%
38% below US avg (65.4%)
Total Housing Units
926
Median year built: 1971
Home Value by Source
Census Median
$86,900
Zillow (ZHVI)
$95,153
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
40.3%
Owner-Occupied
59.7%
Renter-Occupied
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
Census median rent:
$790/mo
Affordability & Housing Stock
Rent Burden
36.6%
of renters spending 30%+ of income on housing
18% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
40.3%
Complete Housing Data
Home Values
| Census Median Value | $86,900 |
| Zillow Home Value (ZHVI) | $95,153 |
Rent
| Census Median Rent | $790 |
| 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
Ownership & Stock
| Owner-Occupied | 40.3% |
| Renter-Occupied | 59.7% |
| Homeownership Rate | 40.3% |
| Total Housing Units | 926 |
| Median Year Built | 1971 |
| Rent Burden | 36.6% |