House Prices & Home Values Penhook, VA 2026
Average Data
| average house price | $1,591,650 |
| average size per house | 4536 ft² |
| average price per ft² | 351 $ / ft² |
06/14/2026 -
The value range (VR) for house prices in Penhook, VA is $361/ sqft to $361/ sqft. An average home with 4536 sqft costs approximately $1,637,496 to $1,637,496. Penhook, VA includes 1 ZIP codes and it is located in Franklin county.
The lowest prices are found in ZIP 24137, while the highest are in ZIP 24137. The average price per sqare feet is $351. Our analysis is based on 6 property listings.
Avergage prices by ZIP codes Penhook
Historical development of home values in Penhook
| Year |
Estimated value (USD) |
Change vs. 2025 |
| 2010 |
$739,191 |
-53.6% |
| 2011 |
$710,606 |
-55.4% |
| 2012 |
$708,693 |
-55.5% |
| 2013 |
$735,182 |
-53.8% |
| 2014 |
$771,739 |
-51.5% |
| 2015 |
$811,347 |
-49.0% |
| 2016 |
$853,689 |
-46.4% |
| 2017 |
$899,766 |
-43.5% |
| 2018 |
$949,510 |
-40.3% |
| 2019 |
$993,537 |
-37.6% |
| 2020 |
$1,044,898 |
-34.4% |
| 2021 |
$1,188,459 |
-25.3% |
| 2022 |
$1,385,476 |
-13.0% |
| 2023 |
$1,461,049 |
-8.2% |
| 2024 |
$1,545,573 |
-2.9% |
| 2025 |
$1,591,650 |
0.0% |
Graph: estimated home values in Penhook over time (USD)
Example: 100% financing house in Penhook
Loan amount:
$1,591,650
Interest rate:
6.00%
Fixed monthly payment:
$9,542.75
Breakdown in the 1st month:
Interest portion:
$7,958.25 –
Principal portion:
$1,584.50
Yearly breakdown (100% financing)
| Year |
Interest per year ($) |
Principal per year ($) |
Remaining balance at year-end ($) |
| 1 |
$94,967.30 |
$19,545.65 |
$1,572,104.35 |
| 2 |
$93,761.77 |
$20,751.18 |
$1,551,353.17 |
| 3 |
$92,481.88 |
$22,031.07 |
$1,529,322.10 |
| 4 |
$91,123.05 |
$23,389.90 |
$1,505,932.20 |
| 5 |
$89,680.42 |
$24,832.53 |
$1,481,099.67 |
| 6 |
$88,148.80 |
$26,364.15 |
$1,454,735.52 |
| 7 |
$86,522.72 |
$27,990.23 |
$1,426,745.29 |
| 8 |
$84,796.34 |
$29,716.61 |
$1,397,028.68 |
| 9 |
$82,963.49 |
$31,549.47 |
$1,365,479.21 |
| 10 |
$81,017.58 |
$33,495.37 |
$1,331,983.84 |
| 11 |
$78,951.66 |
$35,561.29 |
$1,296,422.55 |
| 12 |
$76,758.32 |
$37,754.63 |
$1,258,667.92 |
| 13 |
$74,429.70 |
$40,083.25 |
$1,218,584.67 |
| 14 |
$71,957.45 |
$42,555.50 |
$1,176,029.16 |
| 15 |
$69,332.72 |
$45,180.23 |
$1,130,848.93 |
| 16 |
$66,546.10 |
$47,966.85 |
$1,082,882.08 |
| 17 |
$63,587.61 |
$50,925.34 |
$1,031,956.74 |
| 18 |
$60,446.65 |
$54,066.30 |
$977,890.44 |
| 19 |
$57,111.96 |
$57,401.00 |
$920,489.44 |
| 20 |
$53,571.59 |
$60,941.36 |
$859,548.08 |
| 21 |
$49,812.86 |
$64,700.09 |
$794,847.99 |
| 22 |
$45,822.30 |
$68,690.65 |
$726,157.33 |
| 23 |
$41,585.61 |
$72,927.34 |
$653,229.99 |
| 24 |
$37,087.61 |
$77,425.34 |
$575,804.65 |
| 25 |
$32,312.18 |
$82,200.77 |
$493,603.88 |
| 26 |
$27,242.22 |
$87,270.73 |
$406,333.15 |
| 27 |
$21,859.55 |
$92,653.40 |
$313,679.76 |
| 28 |
$16,144.89 |
$98,368.06 |
$215,311.70 |
| 29 |
$10,077.77 |
$104,435.18 |
$110,876.52 |
| 30 |
$3,636.43 |
$110,876.52 |
$0.00 |
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment
over the entire term. Extra payments, interest rate changes, and additional purchase costs
(e.g. taxes, notary fees) are not included.
How to sell in Penhook, VA
| 1500 sqft | 3900 sqft |
| Ø selling price | $637,065 | $1,355,211 | | Ø fast selling | $579,150 | $1,219,690 | | Ø high price sale | $694,980 | $1,490,733 |
In 2026, houses in Penhook, VA will be offered at an average price of $351 per square foot. A 1,500 sqft home priced at $637,065 is 22.40% more expensive per square foot than a 3,900 sqft home priced at $1,355,211.
Home prices in Penhook, VA vary significantly depending on the neighborhood and location.
For a quick sale, a 2,700 sqft home should be listed at around $938,224.
Sellers who can wait longer may achieve a higher price of up to $1,146,718.
Discover Penhook, VA
Penhook, VA is a tranquil lakeside community set along the southern reaches of Smith Mountain Lake.
Located in Pittsylvania County, it offers a blend of rural charm and upscale waterfront living.
With convenient access to Roanoke and Lynchburg, Penhook balances peaceful retreat and practical connectivity.
Lifestyle and Attractions
Outdoor lovers enjoy year-round boating, fishing, paddling, and scenic cruises on the lake.
The surrounding foothills frame postcard views of the Blue Ridge Mountains, perfect for sunrise walks and sunset photos.
Local marinas, boat launches, and lakeside eateries make it easy to launch adventures and unwind afterward.
Community happenings, from seasonal events to small markets, add a friendly, welcoming vibe.
Visitor Tips and Real Estate
Visitors find comfortable stays in cabins, inns, and vacation rentals that keep them close to the water.
Spring through fall delivers mild weather and clear water, while winter offers quiet escapes with open views.
For buyers, Penhook showcases diverse lakefront real estate, including homes and homesites suited to full-time living, weekend retreats, or investment.
FAQ – Home Values in Penhook
What is the median home value in Penhook in 2026?
In 2026, the typical home value in
Penhook is about
$1,591,650 for an average home size of
4536 square feet. This corresponds to an average
price of roughly $351 per square foot.
What is the average cost per square foot in Penhook?
In 2026, homes in
Penhook sell for an average of around
$351 per square foot, with a typical range
between $361 and
$361 per square foot, depending on the property’s
location, condition, and lot size.
What is the average home size in ?
The average home size in Penhook is about
4536 square feet, with an estimated
2026 value around
$1,591,650.
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