Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 59.4 yrs |
|---|---|
| Avg HH Size | 2.15 |
| Below Poverty | 4.5% ▼ 55% below avg |
| College Grads | 32.9% ▼ 15% below avg |
| Unemployment | 0.5% ▼ 90% below avg |
| HS Graduate | 681 (35%) |
| Some College | 275 (14.1%) |
| Associates | 351 (18%) |
| Bachelors | 205 (10.5%) |
| Graduate Degree | 436 (22.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,250 ▼ 13% below avg |
|---|---|
| Median Home Value | $197,500 ▼ 29% below avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $936/mo |
| Total Housing Units | 2,208 |
| Vacant Units | 952 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Penhook is a city in Virginia, located in Franklin County. The city spans 1 ZIP code and is home to approximately 2,695 residents. It is an older city, with a median age of 59.4 years.
Economically, Penhook is a solidly middle-class community. The median household income of $66,250 is near the national average. Approximately 4.5% of residents live below the poverty line. The unemployment rate is 0.5%, well below the national average.
The real estate market in Penhook is an affordable housing market. Median home values stand at $197,500, which is below the national average. Renters typically pay around $936 per month. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.
The population of Penhook is moderately educated. 32.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (89.35%).
Penhook, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24137 | 2,695 | $66,250 | $197,500 | $936 | 0.5% | 32.9% | 88.7% |