Housing costs in Penhook?
A typical home costs
$503,700, which is 49.0% more expensive than the national average of
$338,100 and 46.8% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Penhook costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 60.9% cheaper than the state average of
$1,400.
Can I afford Penhook?
To live comfortably in Penhook, Virginia, a minimum annual income of
$96,480 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Penhook?
The cost of living in Penhook, VA is relatively affordable. The overall cost of goods and services is 6% lower than the national average. Housing is one of the biggest factors in terms of cost, as the median home value in Penhook, VA is $141,000, which is significantly lower than the national median of $209,400. The median gross rent for residents comes in at $742 per month, also lower than the national average. Additionally, utilities are around 11% less expensive compared to other parts of Virginia and groceries are about 14% less expensive. All these factors make Penhook a great place to live if you鈥檙e looking for an affordable lifestyle.