HomeVirginiaLee CountyPennington Gap town
Pennington Gap town, Virginia: commercial real estate data.
Pennington Gap town 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.
66 sourced place values · tier FULL · 7 sections · 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
- Ninetieth percentile 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
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lee County, not Pennington Gap
Lee County context, not Pennington Gap figures
These are Lee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Pennington Gap measurements.
- Establishments in Lee County242
- Employment at those establishments, Lee County2,329
- Covered employment, Lee County4,190
- Average annual pay, Lee County$45,126
- Average weekly wage, Lee County$868
- Housing units permitted, Lee County18
- Of those, single family, Lee County18
- County product, 2024, Lee County$566,586,000
- County product change over the prior year, Lee County5.1 percent
- Average income of an arriving household, Lee County$41,904
Every figure in this section is published for Lee County as a whole and is not a measurement of Pennington Gap. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $350,000, 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Pennington Gap figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby