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Affordable
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These days, finding an affordable place to live in the Penhook area can be challenging. Home prices in Penhook are now at a median cost of $335,929, lower than the Virginia average of $443,089.
The average cost of rent is $869/mo in Penhook, primarily driven by the current value of real estate in the Penhook area. In Penhook, 13.83% of households rent, and 55.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penhook is $6,140 per month. Households that rent pay about 14.15% of their income on rent here. Penhook’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Museville, VA: less expensive homes
- Union Hall, VA: higher priced homes
- Sago, VA: less expensive homes
- Progress, VA: less expensive homes
- Pullens, VA: less expensive homes
- Worlds, VA: less expensive homes
- Glade Hill, VA: less expensive homes
- North Shore, VA: higher priced homes
- Green Pond, VA: less expensive homes
- Grady, VA: less expensive homes
Cities with Similar Populations
- Tahuya, WA: equally priced homes
- Eureka, MI: less expensive homes
- Firth, NE: higher priced homes
- Fort Deposit, AL: less expensive homes
- Fort Gaines, GA: less expensive homes
- Germantown, IL: less expensive homes
- Gilmanton, NH: equally priced homes
- Hana, HI: higher priced homes
- Hartley, IA: less expensive homes
- Lake Winnebago, MO: higher priced homes
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