Penhook, VA—24137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penhook, VA
As of Nov '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 | N/A | N/A |
2 Bed | $383,000 | -4.2% |
3 Bed | $403,000 | -2.2% |
4 Bed | $1,122,000 | -0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Penhook, VA
As of Nov '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 | $1,300,000 | 64.0% |
Listing Count | 28 | 112.0% |
| Listings as % of Homes | 0.7% | 112.0% |
Days on Market | 89 | 29.0% |
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% |
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% |
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 |
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 |
Affordability — Penhook, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $503,000 |
| Median Household Income | $66,200 |