Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Pennington Gap area can be challenging. Home prices in Pennington Gap are now at a median cost of $85,743, lower than the Virginia average of $323,261.
The average cost of rent is $599/mo in Pennington Gap, primarily driven by the current value of real estate in the Pennington Gap area. While nearly 56.35% of residents own their homes outright in Pennington Gap, 44.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington Gap is $2,530 per month. Households that rent pay about 23.66% of their income on rent here. Pennington Gap's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Woodway, VA: less expensive homes
- Stone Creek, VA: less expensive homes
- St. Charles, VA: less expensive homes
- Dryden, VA: higher priced homes
- Maness, VA: equally priced homes
- Ocoonita, VA: less expensive homes
- Shepherd Hill, VA: less expensive homes
- Jonesville, VA: higher priced homes
- Blackwater, VA: higher priced homes
- Cranks, KY: less expensive homes
Cities with Similar Populations
- Biscoe, NC: higher priced homes
- Centreville, AL: higher priced homes
- Columbus, KS: equally priced homes
- Grantsburg, WI: higher priced homes
- Horse Cave, KY: higher priced homes
- Wilton, NH: higher priced homes
- Underhill, VT: higher priced homes
- Springville, IN: higher priced homes
- Ruffin, NC: higher priced homes
- Roebling, NJ: higher priced homes
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