Interested in purchasing investment houses in the 24277 zip code in Pennington Gap, VA?
The zip code 24277 is in Lee county with a latitude of -83.030770000000 and longitude of 36.748350000000, is in the state of Virginia. The average asking price of houses and condos is $93,000.00 and the average sale price was $53,167.00. this regions is classified as the Bristol - Kingsport - Johnson City metro area and is in the 276 area code. The location in degrees is 36° 44' 54.06" N, 83° 1' 50.772" W. The county F.I.P.S. is 51105. This zip code contains two cities including Pennington Gap, VA (3.08%), and Dryden, VA (1.91%) The total land area is 52.9 square miles and the water area is 0.3 square miles. The elevation in this area is 1450 - 2513 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24277 is in county number 105 and is L. Sector 00, L. Segment 21, H. Sector 29, and H. Segment 29. The population was 6,981 in 2019 and 5,849 in 2010. This further breaks down to 4,088 males (58.6%) and 2,892 females (41.4%). The median age of residents is 43.9 years. The population density (people per square mile) is 132. This zip code has a combined total of 3,103 houses and condos. There are 979 rented appartments. 41% of residents rent versus the 41% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $37,482 and the average salary is $33,703. The median household income of individuals is $26,304.00 and the average is $39,870.00. This zip code has a mean commute time to work of 30.9 minutes. The unemployment rate is 7.8%. Income earners by percent breakdown as 77.20% (Under $50,000), 17.70% ($50,000-$100,000), and 5.10% earn over $100,000. 27.8% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 84.1. The educational breakdown is 70.4% have a high school education or higher, 7.7% have a bachelor's degree or higher, and 1.7% have some kind of profesional degree.
This area has 2,505 households and the average size is 2.3 people. Individuals who are single and have never been married are 29.9%, 42.1% are now married, 4.2% are separated, 7.4% are widowed, and 16.4% are divorced. The average yearly contribution amount given by people to charity was $5,293 versus the state average of $4,443. The percent of residents who gave to charity was 8.2%.
The estimated median value of houses and condos is $89,013. The median monthly owner costs of mortgage holders was $780, where as the costs for those who don't have a mortgage are $291. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $523. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.6% which amounted to an average tax amount of $613. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $434. Reported taxable interest for persons was $1,094, dividends $4,138, capital gains +$442, and itemized deductions $18,071. The average earned income tax credit is $2,260. The percent of individuals that use a tax preparer is 58.8%. The total average income taxes paid by individuals was $5,810. Businesses reported an average profit of $8,438.
Ruby's Country Steakhouse
131 Industrial Dr, Pennington Gap, VA 24277
Wing Street
42485 E Morgan Ave, Pennington Gap, VA 24277
Patio Drive-In
43498 Veterans Memorial Hwy, Pennington Gap, VA 24277
Rooster's Pub
110 Harrell St, Pennington Gap, VA 24277
Hong Kong
930 E Morgan Ave, Pennington Gap, VA 24277
Centenario
205 River Bend Dr, Pennington Gap, VA 24277
Patio Drive-In
RR 3 Box 382, Pennington Gap, VA 24277
McLin Inc
42134 E Morgan Ave, Pennington Gap, VA 24277
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