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
Compare with nearby places
Places of similar size in Virginia.
- Mount Jackson town 2,048
- Dayton town 2,023
- East Lexington CDP 2,020
- Stanley town 1,976
- Hampden-Sydney CDP 1,942
- Gate City town 1,939
- Tappahannock town 1,865
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