HomeVirginiaLee CountyPennington Gap
Pennington Gap, Virginia: commercial real estate data.
Pennington Gap is a Census town of 1,798 people across 1.67 square miles of land, in Lee County. Median household income is $21,633, 43.4 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $350,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Pennington Gap
What Pennington Gap is
- Census place typetown
- Land area1.67 sq mi
- Water area0.02 sq mi
- Population per square mile of land1,078 plus or minus 278
- County holding the largest share of its areaLee County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington Gap
How many people live in Pennington Gap
- Population1,798 plus or minus 463
- Median age34.3 plus or minus 16.7
- Population under 18585 plus or minus 185
- Share under 1832.5 percent
- Population 65 and over343 plus or minus 95
- Share 65 and over19.1 percent
- Households682
- Family households383 plus or minus 107
- Share of households that are families56.2 percent plus or minus 11.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington Gap
Income and work in Pennington Gap
- Median household income$21,633 plus or minus $6,970
- Per capita income$15,060 plus or minus $4,225
- Civilian labor force434 plus or minus 174
- Employed337 plus or minus 113
- Unemployed97 plus or minus 99
- Unemployment rate22.4 percent plus or minus 21.0
- Adults 25 and over1,071
- Adults 25 and over with a high school diploma or higher74.0 percent
- Adults 25 and over with a bachelor degree or higher14.4 percent plus or minus 6.7
- Adults 25 and over with a graduate degree2.9 percent plus or minus 1.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington Gap
Housing in Pennington Gap
- Housing units868
- Occupied units682
- Vacant units186 plus or minus 76
- Vacancy rate21.4 percent plus or minus 8.0
- Owner occupied296 plus or minus 88
- Renter occupied386 plus or minus 107
- Ownership rate43.4 percent plus or minus 9.8
- Median owner-occupied home value$92,900
- Median gross rent, monthly$766
- Annual rent as a share of median income42.5 percent plus or minus 14.1
- Single family units661 plus or minus 143
- Share single family76.2 percent
- Units in buildings of two or more117 plus or minus 47
- Share in buildings of two or more13.5 percent plus or minus 4.9
- Mobile homes90 plus or minus 33
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington Gap
How Pennington Gap gets to work
- Workers 16 and over who commute276 plus or minus 110
- Commuting under 15 minutes92 plus or minus 45
- Share commuting under 15 minutes33.3 percent plus or minus 9.2
- Commuting 30 minutes or more163 plus or minus 83
- Share commuting 30 minutes or more59.1 percent plus or minus 18.9
- Drove alone66.3 percent plus or minus 33.7
- Carpooled17.8 percent plus or minus 20.4
- Public transport0.0 percent
- Walked5.0 percent plus or minus 7.4
- Worked from home8.9 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Pennington Gap
SBA loans in Pennington Gap (7(a))
- Approvals1
- Gross approval$350,000
- Average approval$350,000
- Median approval$350,000
- Largest approval$350,000
- Jobs supported8
- Jobs per approval8.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Pennington Gap, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Pennington Gap
Flood risk in Pennington Gap
- NFIP communityTown of Pennington Gap
- NFIP community number510087
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/18/11
The Town of Pennington Gap participates in the National Flood Insurance Program as community 510087 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lee County, not Pennington Gap
Lee County context, not Pennington Gap figures
- Establishments in Lee County242
- Covered employment, Lee County4,190
- Average annual pay, Lee County$45,126
- Housing units permitted, Lee County18
Every figure in this section is published for Lee County as a whole and is not a measurement of Pennington Gap.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Pennington Gap questions, answered from the record.
How many people live in Pennington Gap, Virginia?
1,798, in 682 households. Pennington Gap town covers 1.67 square miles of land, which is 1,078 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Pennington Gap in?
Lee County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Pennington Gap?
$21,633. The median owner-occupied home is valued at $92,900. Median gross rent is $766 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Pennington Gap businesses?
1 7(a) approvals totaling $350,000 since FY2020, across 1 lenders, median approval $350,000. These count approvals to borrowers whose address is in Pennington Gap, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Pennington Gap borrowers get paid back?
No rate is published for Pennington Gap. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Pennington Gap in the National Flood Insurance Program?
Yes. Pennington Gap appears in the FEMA Community Status Book as Pennington Gap, town of, community 510087, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Pennington Gap figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lee County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Pennington Gap.
Is zoning published for Pennington Gap?
No. Nothing on this page presents parcel level zoning.
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