Penhook, VA housing market
The typical Penhook home is worth about $502,000, up 2% in a year, 21% above the Virginia typical home.
Home values, sales, trends and how Penhook compares with the towns next door — updated as new data is published.
Penhook at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Penhook | Virginia |
|---|---|---|
| 2017 | $305,000 | $253,000 |
| 2018 | $320,000 | $263,000 |
| 2019 | $319,000 | $271,000 |
| 2020 | $327,000 | $284,000 |
| 2021 | $369,000 | $311,000 |
| 2022 | $424,000 | $345,000 |
| 2023 | $461,000 | $367,000 |
| 2024 | $483,000 | $386,000 |
| 2025 | $504,000 | $405,000 |
| 2026 | $490,000 | $411,000 |
| August 2026 | $502,000 | $415,000 |
Penhook and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Penhook | $502K | +2% | $1,090 | $108,750 |
| Union Hall | $862K | +2.4% | $1,420 | $103,125 |
| North Shore | — | +0.2%† | $1,290 | $109,951 |
† FHFA price index change, where Zillow has no home value for the town.
4.6 years of income
The typical Penhook home costs about 4.6 years of the town's median household income, about the same as across Virginia (4.5).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Penhook is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 12% of the town's median household income.
Studio $880 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24137; Franklin County, VA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Penhook
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.