Market Snapshot
Pennington Gap, Lee County, VA is a city market with a median home price of $89,078, a median monthly rent of $898, a GRM of 8.0x, and a price-to-rent ratio of 8.3.
Pennington Gap, Lee County, VA
Median Home Price Price
$89,078 $89.1K
Median Monthly Rent Rent
$898 $898
8.0x
Home price / annual rentLog in to save this market to your dashboard.
Comparable Markets
Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.
Within VA
No in-state alternatives are available for this market yet.
Investment mode
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$106.2K
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$1K
GRM
9.0x
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$144.6K
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GRM
9.0x
High confidence
Price
$144.6K
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GRM
12.0x
No in-state alternatives are available for this market yet.
No in-state alternatives are available for this market yet.
No in-state alternatives are available for this market yet.
High confidence
High confidence
Price
$64.4K
Rent
$896
GRM
6.0x
High confidence
High confidence
High confidence
Price
$217.6K
Rent
$1.5K
GRM
12.0x
High confidence
High confidence
High confidence
Price
$64.4K
Rent
$896
GRM
6.0x
High confidence
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Home prices
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Monthly rent
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GRM = home price / annual rent
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No similar markets found for this scope.
These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
Show
These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Similar markets map
Pennington Gap
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Benchmark comparison
Rent in Pennington Gap, VA is 23.4% higher than Jonesville, VA.
Compare to
Jonesville, VA
Pennington Gap, VA
Jonesville, VA
Delta
Median rent
$898
$728
-$170
Median price
$89,078
$117,958
+$28,880
YoY change
+$94
+$76
-$18
Price-to-rent
8.3x
13.5x
+5.2x
Key takeaways
- Pennington Gap, Lee County, VA has a lower-grm screening profile: At 8.0x GRM, current rent may provide stronger support relative to price.
- Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
- Rent momentum is positive, with median rent up about $94 year over year.
- Rent in Pennington Gap, VA is 23.4% higher than Jonesville, VA.