Home Price Key
Affordable
Average
Expensive
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 $387,012, higher than the Virginia average of $323,261.
The average cost of rent is $830/mo in Penhook, primarily driven by the current value of real estate in the Penhook area. While nearly 48.33% of residents own their homes outright in Penhook, 20.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penhook is $4,934 per month. Households that rent pay about 16.83% of their income on rent here. Penhook's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
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: less expensive homes
- Eureka, MI: less expensive homes
- Firth, NE: less expensive homes
- Fort Deposit, AL: less expensive homes
- Fort Gaines, GA: less expensive homes
- Germantown, IL: less expensive homes
- Gilmanton, NH: less expensive homes
- Hana, HI: less expensive homes
- Hartley, IA: less expensive homes
- Lake Winnebago, MO: equally priced homes
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