The housing market in Pennington Gap, VA is thriving. The median value of homes is currently $83,500, which is significantly lower than the US House median value of $338,100. However, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in Pennington Gap is 18.69%. This shows that the housing market in Pennington Gap has seen tremendous growth over the past year and is an excellent opportunity for those looking to invest in real estate.
The median home cost in Pennington Gap is $83,500. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Pennington Gap is up 22.5%.
Average Age of Homes
- The median age of Pennington Gap real estate is 53 years old
The Rental Market in Pennington Gap
- Renters make up 42.3% of the Pennington Gap population
- 3.6% of houses and apartments in Pennington Gap, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.