Living in Penhook, Virginia
Cost of living, income, home prices, rent and demographics of Penhook · Census data 2020–2024
Penhook has 1,250 residents with a median age of 51.2. The median household income is $108,750 (17% higher than the Virginia median), the median home value is $543,000.
Penhook is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Penhook at a glance
- Population
- 1,250
- Median age
- 51.2State: 39
- Median household income
- $108,750State: $93,170
- Median home value
- $543,000State: $383,700
- Homeowners
- 91.6%
- Bachelor's degree or higher
- 49.1%
- Average commute
- 41 min
Is Penhook a good place to live?
Pros: Median household income 17% higher than the Virginia median; unemployment of 1.3%; a poverty rate of 0.4%.
Cons: Home values 42% higher than the state median; an average commute of 41 minutes.
The weather is best in April–May and September–October.
Cost of living in Penhook
Housing is the biggest part of the cost of living. In Penhook the median home value is $543,000, 63% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,566 a month in housing costs.
Penhook median household income
The median household income in Penhook is $108,750 and the income per person is $54,816. 0.4% of residents live below the poverty line (Virginia: 9.9%).
Housing in Penhook: homes for sale and rent
- Housing units
- 780
- Owner-occupied
- 91.6%
- Renter-occupied
- 8.4%
- Vacant
- 45.1%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 2.92
45.1% of homes are vacant most of the year, a sign that Penhook has many vacation and second homes.
Penhook demographics
- Population
- 1,250
- Median age
- 51.2
- Under 18
- 14%
- 65 and older
- 22.7%
- Households
- 428
- Foreign-born
- 11.7%
- Veterans
- 11.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Penhook ›
Education in Penhook
49.1% of adults 25 and older in Penhook have a bachelor's degree or higher (Virginia: 42.2%), and 18.9% have a graduate or professional degree.
Jobs and commute in Penhook
- Unemployment rate
- 1.3%State: 4.3%
- Average commute
- 41 minState: 27 min
- Work from home
- 32.3%
- Drive alone
- 53.4%
- Public transit
- 0%
- Walk to work
- 5%
- Homes with broadband
- 97.7%
Penhook vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Penhook | 1,250 | $108,750 | $543,000 | — |
| Union Hall | 1,445 | $103,125 | $694,100 | — |
| North Shore | 3,638 | $109,951 | $504,400 | $1,133 |
| Westlake Corner | 2,033 | $95,000 | $499,000 | $1,185 |
| Henry Fork | 805 | $70,150 | — | $613 |
| Rocky Mount | 4,950 | $63,280 | $207,000 | $890 |
| Gretna | 1,452 | $33,698 | $138,800 | $683 |
| Motley | 987 | $55,529 | $146,900 | $785 |
| Chatham | 1,448 | $58,661 | $174,300 | $1,004 |
More for people moving to Penhook
Penhook ZIP code ›Weather and climate ›Living in Penhook: FAQ
What is the median household income in Penhook, VA?
The median household income in Penhook is $108,750, 17% higher than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Penhook?
The median home value in Penhook is $543,000, compared with $383,700 in Virginia.
Is Penhook, VA a good place to live?
Pluses: median household income 17% higher than the Virginia median; unemployment of 1.3%; a poverty rate of 0.4%. Minuses: home values 42% higher than the state median; an average commute of 41 minutes.
What is the median age in Penhook?
The median age in Penhook is 51.2 years (Virginia: 39).
How long is the commute in Penhook?
The average commute to work in Penhook is 41 minutes; 32.3% of workers work from home.
What is the unemployment rate in Penhook?
The unemployment rate in Penhook is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Penhook?
49.1% of adults in Penhook have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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