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Virginia · Census place 61560

Pennington Gap town, VA

Quick answer

Pennington Gap town has 2,020 residents, ranking #288 of 688 places in Virginia. Median household income is $22,857, the median home is worth $86,900 and median gross rent runs $790 a month.

Population
2,020Pennington Gap town residents
Median household income
$22,857Past 12 months, inflation adjusted
Median home value
$86,900Owner-occupied units
Median gross rent
$790Rent plus utilities, monthly
Median age
32.5 yrsAll residents
Homeownership rate
40.3%Owner-occupied households

What the numbers mean in Pennington Gap town

Housing cost measured against local earnings.

A household earning the Pennington Gap town median would spend about 41.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 59.5% of residents and 40.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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