9988 Grassland Drive

Property details·Penhook, Pittsylvania County, Virginia·1561-34-9647

3Beds
2Baths
1,632Sq ft
0.62Acres
1993Built

Location

Address

9988 Grassland Drive

Penhook, VA 24137

Pittsylvania County

Parcel ID

1561-34-9647

Coordinates

36.970414, -79.590656

Building details

Bedrooms
3
Bathrooms
2
Square feet
1,632
Year built
1993

Land & lot

Lot size
0.62 acres
Land area
27,007 sq ft
Zoning
R-1
Land use code
1006

Tax & assessment

CategoryAmount
Tax value$784.56
Market value$140,100
Assessed value$140,100
Building value$126,100
Land value$14,000

Values reflect public tax roll data as of the year shown.

County context

Pittsylvania County 2026 Insights

Pittsylvania County, Virginia: Affordable Land, Aging Population, and a Housing Market Defying Expectations

Tucked into Virginia's Southside region along the North Carolina border, Pittsylvania County is one of those places that rarely makes national headlines but tells a quietly compelling story about rural America's economic reality. Home to roughly 60,000 residents spread across nearly 1,000 square miles of tobacco country, former textile corridors, and rolling Piedmont countryside, the county surrounds — but does not include — the city of Danville, itself a former mill town now betting heavily on a casino economy and cannabis manufacturing to reboot its fortunes. That geographic distinction matters enormously to understanding Pittsylvania's housing market.

A Housing Market Built on Value — and Accelerating Fast

At $178,000 median home price and $145 per square foot, Pittsylvania County looks like a different planet compared to Northern Virginia's suburbs or even Richmond's gentrifying neighborhoods. Homes here are genuinely affordable relative to incomes — the price-to-income ratio sits around 3.3x, comfortably below the national benchmark of 4x, an increasingly rare condition in post-pandemic America.

What's surprising, then, is how fast that affordability is eroding. A 10.8% year-over-year price increase is not the behavior of a sleepy, overlooked rural county — it's the behavior of a market that remote workers, retirees, and value-hunting buyers from pricier metros are actively discovering. The gap between the 10th percentile price ($43,000) and the 90th ($425,180) reveals a deeply bifurcated inventory: genuine distressed rural stock on one end, and increasingly sought-after properties on the other.

StatValueContext
Median Home Price$178,000~44% below national median
YoY Price Change+10.8%well above national avg of ~4%
Homeownership Rate78.7%significantly above 65% national rate
Rent Burden (Severe)22.3%nearly 1 in 4 renter households

The Renter Paradox

Here's the tension at the heart of Pittsylvania's housing story: ownership is extraordinarily common (nearly 79% of occupied units), yet the county's small renter class is under serious financial stress. Median rent of $856 sounds modest in absolute terms, but against a median household income of $54,115 — well below the $75,149 national figure — it creates a rent burden rate of 41.2%, far exceeding the standard 30% affordability threshold. With a 15% poverty rate and a child poverty rate approaching 19%, the families unable to purchase are often the most financially exposed.

An Aging, Car-Dependent Community with Connectivity Gaps

A median age of 48.3 years and nearly a quarter of residents over 65 reflect broader Southside Virginia trends: younger generations leave for Roanoke, Richmond, or Charlotte, while the county retains its older homeowners — many of them long-tenured, explaining that 78.7% ownership rate. Over 85% of workers drive alone, public transit is essentially nonexistent, and one in five households lacks broadband internet access, a significant barrier as remote work reshapes where people can live and what economic opportunities they can access.

Educational attainment remains a structural challenge — only 10.7% hold a bachelor's degree against a national rate roughly double that — though this also partially reflects the county's age profile, as older generations entered the workforce before four-year degrees became standard gatekeepers.


FAQs

What makes Pittsylvania County unique? Pittsylvania is one of the largest counties by land area east of the Mississippi, with a housing market that combines genuine rural affordability with surprisingly strong appreciation pressure — the result of spillover demand from Danville's redevelopment, retiree in-migration, and remote workers priced out of Virginia's urban corridors.

Is Pittsylvania County a good place to buy a home right now? For buyers seeking value, the price-to-income ratio remains attractive compared to national benchmarks, and entry-level properties still exist well under $100,000. However, 10.8% annual appreciation and a 16.4% vacancy rate (much of which is distressed or seasonal rural stock) mean the "hidden gem" window may be narrowing. Buyers should carefully distinguish between the county's affordable working stock and properties requiring significant rehabilitation.

How is Danville's casino affecting nearby Pittsylvania County real estate? Caesars Virginia, which opened in Danville in late 2024, is expected to bring thousands of jobs to the immediate region. Pittsylvania County, which borders Danville on all sides, is a natural residential spillover market for casino and related hospitality workers — a dynamic that likely contributes to the county's accelerating home prices and bears watching through 2025 and beyond.

Local market context

Our database includes 574 properties in Penhook.

The average home price of $1.0M positions Penhook as a premium real estate market.

At $612/sq ft, property values here are significantly above national averages.

Home prices in Penhook are 338% higher than the Pittsylvania County average.

MetricPenhookPittsylvania Countyvs County
Average Price$1,007,992$230,323+338%
Avg Sq Ft1,6471,639Same
Price/Sq Ft$612$141+334%
Properties57474,623-99%

Nearby properties

Other parcels within a few hundred meters of this one.

Frequently Asked Questions About Penhook, VA Real Estate

What is the average home price in Penhook, VA?

The average home price in Penhook, VA is $1,007,992, based on analysis of 574 properties in our database.

How many properties are tracked in Penhook, VA?

Our database includes 574 properties in Penhook, VA, providing comprehensive market coverage.

What is the price per square foot in Penhook, VA?

The average price per square foot in Penhook, VA is $612. This is calculated from an average home price of $1,007,992 and average size of 1,647 square feet.

What is the average home size in Penhook, VA?

Homes in Penhook, VA average 1,647 square feet, with an average price of $1,007,992.

How does Penhook, VA compare to other cities in Pittsylvania County?

Penhook, VA is one of many cities in Pittsylvania County, VA with property data available. Browse other cities in the county to compare market conditions and pricing.

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