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Penhook, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,250
Population
$108,750
Median Income
$543,000
Home Value
51.2
Median Age

Demographics

Penhook has a population of 1,250 with a median age of 51.2. Here is the racial and ethnic breakdown of the population:

White
85.5%
Asian
11.7%
Black
2.1%
Other
0.7%
Demographic Value
Total Population1,250
Median Age51.2
White85.5%
Black or African American2.1%
Asian11.7%
Other / Two or More Races0.7%
Penhook, Virginia — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 85.5%Asian: 11.7%Black: 2.1%Other: 0.7%1,250PopulationWhiteWhite85.5%AsianAsian11.7%BlackBlack2.1%OtherOther0.7%

Income & Economy

The median household income in Penhook is $108,750, which is 34.9% above the national median of $80,610. The per capita income is $54,816. The poverty rate is 0.4%.

$108,750
Median Household Income
$54,816
Per Capita Income
0.4%
Poverty Rate

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Education

In Penhook, 98.8% of residents age 25+ have a high school diploma or higher, and 49.1% hold a bachelor's degree or higher (18.9% with a graduate or professional degree).

HS Diploma+
98.8%
Bachelor's+
49.1%
Graduate+
18.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.8%
Bachelor's Degree or Higher49.1%
Graduate or Professional Degree18.9%

Housing

The median home value in Penhook is $543,000, above the national median of $303,400. The homeownership rate is 91.6%.

$543,000
Median Home Value
91.6%
Homeownership Rate
Housing Metric Value
Median Home Value$543,000
Homeownership Rate91.6%
Vacancy Rate45.1%

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Frequently Asked Questions

What is the population of Penhook, Virginia?
The population of Penhook, Virginia is 1,250 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Penhook, Virginia?
The median household income in Penhook, Virginia is $108,750. This is 34.9% above the national median of $80,610.
What is the median home value in Penhook, Virginia?
The median home value in Penhook, Virginia is $543,000.
What percentage of people in Penhook have a college degree?
In Penhook, Virginia, 49.1% of adults age 25 and older hold a bachelor's degree or higher, and 98.8% have a high school diploma or higher.
Is Penhook, Virginia an affordable place to live?
The home price-to-income ratio in Penhook, Virginia is 5.0x (median home value $543,000 vs. median income $108,750), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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