Penhook, VA 24137 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Penhook, VA—24137

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$503,000

2.4% YoY Growth

Household Income

$66,200

19.0% YoY Growth

Days on Market

107

32.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Penhook, VA

As of Dec '25, the median home price in Penhook, VA is $503,000, with a year-over-year change of -2.4%. This indicates that home prices in Penhook, VA are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$503,000	-2.4%
Single Family	$504,000	-2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Penhook, VA

Penhook, VA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

5.6%

2 Bedrooms

28.9%

3 Bedrooms

65.5%

Property Listings — Penhook, VA

As of Dec '25, Realtor.com reports that the median days on market for a home in Penhook, VA is 89. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,370,000	52.0%
Listing Count	22	97.0%
Listings as % of Homes	0.7%	97.0%
Days on Market	107	32.0%

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Demographics — Penhook, VA

As of the latest ACS Survey released in 2023, Penhook, VA has a population of 2,700, which has remained stable by 0.8% over the past 5 years. Penhook, VA is a less popular place for families, as children make up 11.9% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,700	0.8%
% Under 18	11.9%	-2.5%
% Seniors	35.4%	16.8%
% WFH	13.3%	64.2%
% w/ College Degree	22.1%	-10.9%

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As of the latest ACS Survey released in 2023, Penhook, VA is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Penhook, VA is black, making up 4.9% of the population. Foreign-born residents account for 5.3% of the population in Penhook, VA, and this percentage has increased by 112.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.4%	-2.3%
% Black	4.9%	-16.9%
% Hispanic	3.6%	∞%
% Asian	2.2%	266.7%
% Foreign Born	5.3%	112.0%

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Mortgage and Risk — Penhook, VA

Penhook, VA lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Penhook, VA

Penhook, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	2.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$870
2 Bedroom	N/A	N/A	$980
3 Bedroom	N/A	N/A	$1,370
4 Bedroom	N/A	N/A	$1,630

Penhook, VA—24137

Key Metrics at a Glance

Home Price Trends — Penhook, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penhook, VA

% of Rental Stock

Property Listings — Penhook, VA

Demographics — Penhook, VA

Race and Ethnicity

Mortgage and Risk — Penhook, VA

Mortgages

Rentals and Section 8 — Penhook, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Penhook, VA

Home Price to Income Ratio

Penhook, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Union Hall, VA

Sandy Level, VA

Callands, VA

Gladehill, VA

Pittsville, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.1
Median Home Price	$503,000
Median Household Income	$66,200

Penhook, VA—24137

Key Metrics at a Glance

Home Price Trends — Penhook, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Penhook, VA

% of Rental Stock

Property Listings — Penhook, VA

Demographics — Penhook, VA

Race and Ethnicity

Mortgage and Risk — Penhook, VA

Mortgages

Rentals and Section 8 — Penhook, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Penhook, VA

Home Price to Income Ratio

Penhook, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Union Hall, VA

Sandy Level, VA

Callands, VA

Gladehill, VA

Pittsville, VA

Frequently Asked Questions

What is the average home price in Penhook, VA 24137?

How have home prices in Penhook, VA 24137 changed over the past year?

What is the home price projection for Penhook, VA 24137?

What are the demographics of Penhook, VA 24137?

How long does it take homes to sell in Penhook, VA 24137?

What is the average rent price in Penhook, VA 24137?