Penhook, VA
Population 1,253 · Virginia
About Penhook, VA
Penhook is a small town located in Virginia with a population of 1,253 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,176 per year, which is 32% above the national median of $75,149. The median age of 48 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Penhook features a median home value of $476,500, which is 95% above the national median of $244,900. This places Penhook in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 827 total housing units, 85% are owner-occupied (389 units) and 15% are renter-occupied (66 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Penhook shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Penhook have an average one-way commute time of 38 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
40.3% of Penhook residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 6.1% Asian residents, with 10.4% of the population being foreign-born.
How Penhook Ranks in Virginia
Cost of Living in Penhook, VA
Compared to national averages, Penhook has a median household income of $99,176 (32% above the national median of $75,149). Home values average $476,500, which is 95% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Penhook's income is 13% above the state average of $87,957, and home values are 45% above the state median of $327,514.
Why Live in Penhook, VA?
Penhook offers a strong local economy with a median household income of $99,176, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a well-educated community where 40.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $476,500. However, Penhook’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Penhook has a population of 1,253 with a median age of 48 years. Compare Penhook with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Penhook
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glasgow | 1,253 | $50,625 | $117,100 | Compare |
| Harriston | 1,252 | $91,625 | $149,100 | Compare |
| Bracey | 1,243 | $68,333 | $191,100 | Compare |
| Buchanan | 1,271 | $52,474 | $201,900 | Compare |
| Brookneal | 1,275 | $45,909 | $115,000 | Compare |
| Gretna | 1,275 | $36,023 | $140,900 | Compare |
| Rustburg | 1,276 | $70,771 | $238,900 | Compare |
| Cape Charles | 1,278 | $51,250 | $589,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Penhook With Other Cities
Frequently Asked Questions about Penhook
What is the population of Penhook, VA?
The population of Penhook, VA is 1,253 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Penhook?
The median household income in Penhook, VA is $99,176 per year, which is 32% above the national median of $75,149.
What is the median home value in Penhook?
The median home value in Penhook, VA is $476,500, which is 95% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Penhook?
The median monthly rent in Penhook, VA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Penhook?
The unemployment rate in Penhook, VA is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Penhook, VA a good place to live?
Penhook offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,253 and a median age of 48, the city appeals to established professionals and retirees.
How educated is Penhook, VA?
40.3% of residents in Penhook aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Penhook?
Key cost-of-living indicators for Penhook, VA: median home value is $476,500 (95% above national), median rent is $0/month, and median household income is $99,176. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Penhook?
The poverty rate in Penhook, VA is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Penhook, VA?
Penhook's population is 1.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 6.1% Asian, and 2.2% two or more races. 10.4% of residents are foreign-born.