Zip 24277 (Pennington Gap, VA) Housing

The housing median value in 24277 Pennington Gap, VA is $79,900, significantly lower than the US house median value of $338,100. Although the house appreciation rate for the US is 8.27%, the 1 year appreciation rate for housing in Pennington Gap is much higher at 18.69%. This indicates that housing in this area may be a great investment as it has seen a significant increase in value over the past year.

The median home cost in Pennington Gap (zip 24277) is $79,900. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Pennington Gap (zip 24277) is up 22.5%.

Average Age of Homes

- The median age of Pennington Gap (zip 24277) real estate is 46 years old

The Rental Market in Pennington Gap (zip 24277)

- Renters make up 27.0% of the Pennington Gap (zip 24277) population
- 1.3% of houses and apartments in Pennington Gap (zip 24277), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Pennington Gap, Virginia	United States
	2,546.0	139,647,020.0
	48	42
	$79,900	$338,100
	22.5%	16.6%
	67.7%	57.0%
	78.0%	101.1%
	$7.00	$10.98
	$559	$2,690
	41.8%	57.4%
	26.0%	11.2%
	32.2%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	2.6%	0.4%
	0.0%	3.6%
	20.5%	4.1%
Value of Owner-Occupied Housing
	13.1%	2.6%
	10.5%	2.4%
	10.1%	2.8%
	16.4%	3.9%
	15.2%	4.5%
	15.7%	11.3%
	8.2%	13.0%
	6.0%	20.1%
	2.8%	13.6%
	1.8%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	10.8%	13.6%
	11.5%	13.2%
	20.8%	14.8%
	10.8%	13.6%
	7.2%	10.0%
	12.5%	4.7%
	13.6%	12.2%

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