Penhook, Virginia Demographics & Population 2026
During the 2020–2024 ACS period, Penhook, Virginia had a total population of 1,250, the 353rd largest community in Virginia, with a median household income of $108,750, which is 17% higher than the state average. The poverty rate is 0.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 0.4% — among the lowest in Virginia.
- Near full employment with an unemployment rate of just 1.3%.
Penhook Quick Facts
How Penhook Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,253 | 1,250 | -0.2% |
| Median household income | $99,176 | $108,750 | +9.7% |
| Median home value | $476,500 | $543,000 | +14.0% |
How Penhook Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Penhook Rankings in Virginia
Explore Virginia Rankings
Other Cities in Franklin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Rocky Mount | 4,950 | $63,280 | 18.6% | $207,000 |
| North Shore | 3,638 | $109,951 | 10.3% | $504,400 |
| Westlake Corner | 2,033 | $95,000 | 5.8% | $499,000 |
| Ferrum | 1,774 | $40,435 | 37.1% | $188,900 |
| Union Hall | 1,445 | $103,125 | 4.4% | $694,100 |
| Henry Fork | 805 | $70,150 | 2.9% | N/A |
| Boones Mill | 228 | $75,972 | 4.0% | $208,300 |
Cities Similar to Penhook
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Boswell's Corner | 1,239 | N/A | N/A | 17.8% | 3.9% |
| Goochland | 1,182 | N/A | $485,700 | 51.4% | 3.4% |
| Nokesville | 1,226 | $96,932 | $592,900 | 48.1% | 3.8% |
| Passapatanzy | 1,259 | $125,608 | $356,900 | 38.6% | 25.7% |
| Harriston | 1,212 | $93,250 | $183,700 | 5.9% | 8.3% |
Population Overview
Penhook is a small community located in Virginia, within Franklin County. The total population is 1,250. It ranks as the 353rd most populous out of 681 Census-designated places in Virginia.
Age Demographics
The median age in Penhook is 51.2 years. This is 31% higher than the state median of 39.0 years. Only 14.0% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Penhook is $108,750. This is 17% higher than the state median of $93,170. It is also 35% higher than the national median of $80,734. The poverty rate stands at 0.4%. This is 96% lower than the state poverty rate of 9.9%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.3%. This is 69% lower than the state rate of 4.3%. The median home value is $543,000. Housing costs are 42% higher than the state median of $383,700. The home-value-to-income ratio is 5.0x. 91.6% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.3%.
Race & Ethnicity
Penhook has a predominantly White (non-Hispanic) population, comprising 85.5% of all residents. Asian residents account for 11.7%. The Black or African American population (2.1%) is well below the state average of 18.3%. The Asian population is significantly higher than the state average (11.7% vs 6.9%).
Education
49.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 16% higher than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.8%. Notably, 18.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Penhook, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Penhook, Virginia?
Penhook, Virginia has a population of 1,250 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Penhook, VA?
The median household income in Penhook is $108,750, which is 35% higher than the national median of $80,734.
What is the poverty rate in Penhook, VA?
The poverty rate in Penhook is 0.4%. This means approximately 5 residents live below the federal poverty line.
What is the racial makeup of Penhook, Virginia?
Penhook's population is 85.5% White, 2.1% Black, 0.0% Hispanic/Latino, and 11.7% Asian.
What is the median home value in Penhook, VA?
The median home value in Penhook is $543,000. The home-value-to-income ratio is 5.0x.
How educated is Penhook, Virginia?
49.1% of adults (25+) in Penhook hold a bachelor's degree or higher, and 18.9% hold a graduate or professional degree.