Pennington Gap Real Estate Forecast, Pennington Gap Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Pennington Gap a good investment? The median home price in Pennington Gap today: â–¼ 83,317 USD (-8.637%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$83,317

1 Month Forecast

â–² $90,515

1-Year Forecast *

â–² $90,105

5-Year Forecast *

â–² $96,126

"Is it a good time to buy homes in Pennington Gap?" "Does investing in real estate in Pennington Gap (Virginia State, Lee County) worth it?" According to our live Forecast System, buying a house in Pennington Gap is a acceptable short-term (1-year) investment*. The Pennington Gap average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Pennington Gap" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Pennington Gap in Virginia State, Lee County. If you are looking for homes for sale with good flipping profit, Pennington Gap can be a profitable property investment option. The median price of an average house in Pennington Gap was 83,317 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Pennington Gap" area is 96,126 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +15.37% meaning that investing 100000 USD today may yield a profit of 15,374 USD by 2031.

Current Median Listing Price: 83,317 USD Median Listing Price Per Square Foot: 46 USD

Pennington Gap Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Pennington Gap (Virginia State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Pennington Gap Price Target

Pennington Gap median home price target in 12 months: $90,105* (upside of 8.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $85,962 $91,193 $85,962 $91,193
2024 $76,545 $83,317 $75,540 $84,144
2023 $73,401 $78,093 $73,401 $79,038
2022 $72,234 $74,077 $72,234 $79,140
2021 $82,313 $70,658 $69,546 $82,886
2020 $71,105 $80,306 $71,105 $80,306
2019 $71,017 $71,157 $68,170 $71,157
2018 $76,037 $71,414 $71,414 $77,161
2017 $76,473 $75,815 $75,604 $76,898
2016 $74,894 $76,215 $74,851 $76,654
2015 $72,998 $75,232 $72,045 $75,668
2014 $75,646 $73,171 $73,171 $75,646
2013 $78,659 $76,335 $76,335 $78,659
2012 $73,025 $79,060 $73,025 $79,239

Questions & Answers about the Pennington Gap Housing Market Forecast

How much does an average home cost in Pennington Gap today?

The value of an average home (the listing price) in Pennington Gap is $83,317 USD.

What is the average price per square foot in Pennington Gap?

According to Walletinvestor the median price per square foot in Pennington Gap is 46 USD.

Will the median listing price of homes in Pennington Gap grow / rise / go up?

Yes. The Pennington Gap home prices may rise from 83,317 USD to 90,105 USD in one year.

Is it profitable to invest in Pennington Gap homes?

Yes. The long-term profit potential is +8.15% in one year.

Will Pennington Gap house prices fall / drop?

No. See above.

What is the predicted price of a Pennington Gap home in 2030?

The predicted home sales price of a Pennington Gap home in 2030 in Pennington Gap is 97,300 USD.

What is the predicted price of a Pennington Gap home in 2035?

The predicted home sales price of a Pennington Gap home in 2035 in Pennington Gap is 107,658 USD.

Will real estate prices decrease in Pennington Gap?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Pennington Gap is the 8191. largest city in the United States, located in Virginia State.

During the last 12 months the real estate prices in Lee, Pennington Gap decreased, looking at the past 12 months.

According to Walletinvestor's Pennington Gap real estate market research, home values will increase in the next 12 months.

Median home values decreased by 3.723% to 83,317 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 6.656% in 2021
  • 9.426% in 2022
  • 9.306% in 2023
  • 9.436% in 2024
  • 7.006% in 2025
  • 9.886% in 2026

Based on our Pennington Gap real estate market research and report the predicted sales prices will increase by 118.839% in the next 10 years.

Over the last 12 months, the value of homes in Pennington Gap fluctuated: increasing 4 times .

Pennington Gap (Virginia) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Pennington Gap Housing Market Forecast with Real Estate Prices for 2025
August 2025 90515 82278 98752
September 2025 89842 81756 97928
October 2025 89174 80702 97645
November 2025 88510 81518 95503
December 2025 87852 81263 94441
Pennington Gap Housing Market Forecast with Real Estate Prices for 2026
January 2026 87199 81095 93303
February 2026 86550 81877 91224
March 2026 87159 79838 94481
April 2026 87887 81119 94654
May 2026 88620 83657 93583
June 2026 89359 81585 97133
July 2026 90105 85149 95060
August 2026 90459 81684 99233
September 2026 91214 84555 97872
October 2026 91975 87100 96849
November 2026 92742 85415 100068
December 2026 93513 86219 100808
Pennington Gap Housing Market Forecast with Real Estate Prices for 2027
January 2027 92818 87156 98480
February 2027 92128 85126 99129
March 2027 91443 83121 99764
April 2027 90762 85407 96117
May 2027 90087 83871 96303
June 2027 90360 82318 98402
July 2027 91114 83642 98585
August 2027 91874 87188 96559
September 2027 92640 85322 99959
October 2027 93413 85006 101820
November 2027 93492 84143 102841
December 2027 93127 88285 97970
Pennington Gap Housing Market Forecast with Real Estate Prices for 2028
January 2028 93435 85680 101191
February 2028 93974 87114 100834
March 2028 94304 85250 103357
April 2028 93602 84897 102307
May 2028 92906 85845 99967
June 2028 92215 86959 97471
July 2028 92839 86248 99431
August 2028 93614 88091 99137
September 2028 94395 85050 103740
October 2028 95182 87853 102511
November 2028 95976 91178 100775
December 2028 96777 89519 104035
Pennington Gap Housing Market Forecast with Real Estate Prices for 2029
January 2029 96489 89638 103340
February 2029 95772 90791 100752
March 2029 95143 87437 102850
April 2029 95851 87991 103711
May 2029 96651 91818 101483
June 2029 97130 88097 106163
July 2029 97300 90781 103819
August 2029 98099 90447 105751
September 2029 98917 93774 104061
October 2029 99743 93060 106425
November 2029 100575 90718 110431
December 2029 99827 90942 108711
Pennington Gap Housing Market Forecast with Real Estate Prices for 2030
January 2030 99084 89869 108299
February 2030 98347 90381 106314
March 2030 97616 92540 102692
April 2030 96890 90205 103575
May 2030 96169 86745 105594
June 2030 95454 89345 101563
July 2030 96126 90935 101317
August 2030 96928 89174 104682
September 2030 97737 90602 104871
October 2030 98552 93427 103677
November 2030 99374 94406 104343
December 2030 99765 93480 106050
Pennington Gap Housing Market Forecast with Real Estate Prices for 2031
January 2031 100597 95366 105828
February 2031 101436 94336 108537
March 2031 102283 95839 108727
April 2031 103134 96018 110250
May 2031 102367 97146 107587
June 2031 101605 94391 108819
July 2031 100850 92378 109321
August 2031 100100 90891 109309
September 2031 99355 90115 108595
October 2031 99655 90188 109123
November 2031 100487 91041 109933
December 2031 101325 94739 107911
Pennington Gap Housing Market Forecast with Real Estate Prices for 2032
January 2032 102171 96551 107790
February 2032 103023 94369 111677
March 2032 103110 96717 109503
April 2032 102708 92745 112671
May 2032 103048 94392 111704
June 2032 103642 95143 112141
July 2032 104005 94437 113574

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.