Rent in Pennington Gap, VA
A 2-bedroom in Pennington Gap, VA (ZIP 24277) typically rents for about $768 a month, with a range of $768–$943. Owner-occupied homes in Lee County pay about 0.60% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $716 | $716 | 1 |
| 1 bed | $273 | $273–$721 | 1 |
| 2 beds | $768 | $768–$943 | 1 |
| 3 beds | $893 | $893–$1,294 | 1 |
| 4 beds | $1,325 | $1,325 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Pennington Gap ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Pennington Gap, VA?
- About $768 a month: the median of the typical rents in 1 ZIP code, which range from $768–$943. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Pennington Gap, VA?
- About $273 a month: the median of the typical rents in 1 ZIP code, which range from $273–$721. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Pennington Gap, VA?
- About $893 a month: the median of the typical rents in 1 ZIP code, which range from $893–$1,294. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Pennington Gap, VA?
- About $716 a month: the median of the typical rents in 1 ZIP code, which range from $716. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Pennington Gap, VA?
- About $1,325 a month: the median of the typical rents in 1 ZIP code, which range from $1,325. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Pennington Gap, VA?
- Owner-occupied homes in Lee County pay a typical 0.60% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Pennington Gap rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).