Pennington Gap, VA Real Estate
According to census data in the year 2000 there were 947 housing units in Pennington Gap.
This represents a 1.7% growth from 931 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 947 were located in what is classified as a rural area.
Homeownership rate in Pennington Gap is about 58.8%.
Pennington Gap's vacancy rate, including seasonal lodging, is about 13.7%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Pennington Gap were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.10% |
| Two Bedrooms | 40.50% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $57,300 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $292 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 35.30% |
| Debt Free | 61.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
