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Penhook CDP, VA

ZIP 24137 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24137

Median Home Value
$197,500
Median Rent
$762
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,269/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 24137 in Penhook CDP, VA, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,269. That sits below the local median household income ($66,250), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 43% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.7%+36% vs US avg
x
Vacancy Rate
43.1%+319% vs US avg
x
Broadband Access
73.3%-16% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
1.9%-73% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
62.4%+63% vs US avg
x
$197,500
Home Value
$762
Rent
1988
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.1%
  • 1-unit attached0.0%
  • 2-9 units3.0%
  • 10+ units6.4%
  • Mobile home & other33.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,500
Median rent$762
Owner-occupied88.7%
Vacant43.1%
Price-to-income3.0x
Est. income to buy$54,000