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Foreclosures in Pennington Gap, VA

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Pennington Gap, VA Foreclosures

Current Market Conditions in in Pennington Gap, VA As of June 2026?
Home values: +1.99% MoM; rent: +0.00% MoM.
How much do homes sell for in Pennington Gap, VA?
The average home price is currently $122,789.
In Pennington Gap, VA, how many homes are available?
There are currently 1 active home listings available in Pennington Gap.
What’s the average rental cost in Pennington Gap, VA?
The average rental price in Pennington Gap is $792.
What is the most expensive home in Pennington Gap?
The most expensive home sold in Pennington Gap had a price of $2,207,578.
What is currently the cheapest priced home in Pennington Gap, VA?
The cheapest home for sale in Pennington Gap is priced at $6,709.

Living in Pennington Gap, VA

Pennington Gap is a small Appalachian town in Lee County, Virginia, offering affordable housing, mountain scenery, local amenities, and access to outdoor recreation across Southwest Virginia.

Buyer vs Seller Market in Pennington Gap, VA

Median home value: $98,860 as of 2026-05-14.

Median rent: $720 as of 2026-05-14.

Home values: +1.99% MoM, +14.66% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Pennington Gap, VA

There are currently 2,212 real estate properties in Pennington Gap, VA, with a median automated valuation model (AVM) price of $98,860.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pennington Gap, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pennington Gap, VA, is $122,789.00, with the most expensive house in Pennington Gap, VA, topping out at $2,207,578.00 and the cheapest home in Pennington Gap, VA, clocking in at $6,709.00. In other words, there’s something for every potential homebuyer or savvy investor in Pennington Gap, VA!

Rent Prices In Pennington Gap, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pennington Gap, VA, is on a rollercoaster ride. The average rent price in Pennington Gap, VA, is $792.00. Indeed, when looking to rent in Pennington Gap, VA, you can expect to pay as little as $470.00 or as much as $1,950.00, with the average rent median estimated to be $720.00. The good news is that finding an affordable and desirable property to rent in Pennington Gap, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pennington Gap, VA Foreclosures

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