Pennington Gap, Virginia.
Typical home $96,304 (+5.4% in a year).
to buy the typical home at today's mortgage rate — +$241 (+91%) since Jan 2020.
- 1 year
- Up $4,925 +5%
- $91,379$96,304 since Sep 2025
- 5 years
- Up $24,678 +34%
- $71,626$96,304 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Pennington Gap$505
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Pennington Gap, VA rose 5.4% over the past year — faster than the nation's +1.2%.
Living in Pennington Gap, Lee County, Virginia
Pennington Gap is a town of 1,624 people in Lee County. Unemployment in Lee County was 4.8% in August 2026, and the county had 0.2% more jobs in 2025 than the year before. The most people in Lee County work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Pennington Gap is a small town in Lee County, in the far southwestern corner of Virginia. Homes here are inexpensive compared with much of the country, and household incomes across the county run below the national level. Few adults have a four-year degree, and the daily drive to work tends to be a long one for a town this size, with some people working from home.
Work. Residents work mostly in schools, hospitals and social care, the building trades, shops and government. Across Lee County, the largest workplaces include Lee County Public Schools, Walmart and the federal prison system. Unemployment across the county is close to where it stood a year ago, and the number of jobs has barely changed.
Things to do. Stone Mountain Wilderness and The Cedars Natural Area Preserve are both a short drive away, offering protected woodland and open country to walk through. Natural Tunnel State Park is a longer drive away and is the best known of the places nearby. Winters are cold, with some snow, and summers are warm, with plenty of rain and melted snow through the year.
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- 682households
- 14%of adults have a degree
- 31 mintypical commute
- 9%work from home
What people in Lee County work in
Employed residents by industry, from the Census survey. Lee County had 4,198 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 45° and lows near 23°; warmest in July, with highs near 85° and lows near 63°. About 9 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Pennington Gap weather station, a mile away (NOAA).
Largest workplaces in Lee County
- Lee County Public SchoolsSchool district563FTE
- WalmartWarehouse clubs and supercenters253
- Bureau of Prisons/federal Prison SystemFederal government · Department of Justice142
- K VA T Food StoresSupermarket69
- Lee County Community HospitalCritical access hospital46FTE
- Elk KnobHighway,street,& bridge construciton22
- DeRoyal IndustriesSurgical supplies manufacturing21
- Virginia Department of TransportationHighway repair maintenance20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 435 people in all across the county; Pennington Gap has none of its own. School districts come from the Common Core of Data (NCES, 2023–24), federal offices from OPM's federal workforce data (2026) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Strong windrelatively high in parts of Pennington GapRelatively moderate
- Winter weatherrelatively high in parts of Pennington GapRelatively moderate
- Cold wavesrelatively high in parts of Pennington GapRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Pennington Gap’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lee County.
Pennington Gap home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Pennington Gap$96,304
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Pennington Gap listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Pennington Gap19.80%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Pennington Gap19
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Pennington Gap address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Pennington Gap — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.