Rent to own Homes in Pennington Gap, VA

Pennington Gap, VA is a great place for affordable rent-to-own homes! With a median household income of over $22,370 and a median rent of $556, the Pennington Gap, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Pennington Gap, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Pennington Gap, VA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 305
1 of 17 1663 Pressman's Home Road
Rent To Own
 
Multifamily (2 - 4 Units)
Rogersville, TN 37857
1
1
2500 ft2
1958
New
327 JOSLYN AVE
Rent to Own Eligible
 
Single Family Home
Pennington Gap, VA 24277
4
2
0 ft2
1902
375 SUMMIT AVE
Rent to Own Eligible
 
Single Family Home
Pennington Gap, VA 24277
4
3
0 ft2
2010
1 of 82 235 S LAKEWOOD ST
Rent to Own Eligible
 
Single Family Home
Pennington Gap, VA 24277
3
2
3254 ft2
1963
New
926 FLEENORTOWN RD
Rent to Own Eligible
 
Single Family Home
Jonesville, VA 24263
3
1
1112 ft2
1977
10955 MIDDLE WALLENS CREEK RD
Rent to Own Eligible
 
Single Family Home
Jonesville, VA 24263
1
1
0 ft2
1996
1036 CANTON RD
Rent to Own Eligible
 
Single Family Home
Blackwater, VA 24221
3
1
1095 ft2
1940
150 MAXFIELD DR
Rent to Own Eligible
 
Single Family Home
Big Stone Gap, VA 24219
3
3
0 ft2
1980
1 of 34 314 LEXIE ST
Rent to Own Eligible
 
Single Family Home
Big Stone Gap, VA 24219
4
2
2139 ft2
1978
1014 YELLOW BRANCH RD
Rent to Own Eligible
 
Single Family Home
Rose Hill, VA 24281
3
2
0 ft2
1975
306 WYANDOTTE AVE E
Rent to Own Eligible
 
Single Family Home
Big Stone Gap, VA 24219
5
4
4080 ft2
1920
192 GUNPORT DR
Rent to Own Eligible
 
Single Family Home
Duffield, VA 24244
3
2
2678 ft2
1962
186 GUNPORT DR
Rent to Own Eligible
 
Single Family Home
Duffield, VA 24244
3
1
1339 ft2
1975
1 of 69 2322 4TH AVE E
Rent to Own Eligible
 
Single Family Home
Big Stone Gap, VA 24219
2
2
2120 ft2
1930
2737 1ST AVE E
Rent to Own Eligible
 
Single Family Home
Big Stone Gap, VA 24219
3
1
1843 ft2
1911
New
1 of 48 3353 HIGHWAY 11W
Rent to Own Eligible
 
Single Family Home
Surgoinsville, TN 37873
5
3
3694 ft2
2003
1 of 33 238 RED HILL RD
Rent to Own Eligible
 
Single Family Home
Surgoinsville, TN 37873
2
2
984 ft2
1962
1511 GILES HOLLOW RD
Rent to Own Eligible
 
Single Family Home
Rose Hill, VA 24281
2
1
0 ft2
1974
433 OAK GROVE RD
Rent to Own Eligible
 
Single Family Home
Rogersville, TN 37857
3
2
2688 ft2
1995
1000 ELM ST
Rent to Own Eligible
 
Single Family Home
Rogersville, TN 37857
3
1
1390 ft2
1920
182 NIGHTINGALE DR
Rent to Own Eligible
 
Single Family Home
Gate City, VA 24251
3
2
1537 ft2
1976
802 LOCUST ST
Rent to Own Eligible
 
Townhouse/Condo
Rogersville, TN 37857
3
3
1770 ft2
1969
New
706 S SHERBROOKE CIR
Rent to Own Eligible
 
Single Family Home
Mount Carmel, TN 37645
3
3
2688 ft2
1996
1060 DR THOMAS WALKER RD
Rent to Own Eligible
 
Single Family Home
Ewing, VA 24248
3
2
0 ft2
1 of 81 480 MURPHY ST NW
Rent to Own Eligible
 
Single Family Home
Norton, VA 24273
4
5
2752 ft2
1990
1 of 22 6219 LAUREL GROVE RD
Rent to Own Eligible
 
Single Family Home
Norton, VA 24273
3
2
1512 ft2
1969
Hot
531 OAK AVE NW
Rent to Own Eligible
 
Single Family Home
Norton, VA 24273
3
3
2888 ft2
1870
New
1 of 34 204 HILEMAN DR
Rent to Own Eligible
 
Single Family Home
Mooresburg, TN 37811
3
1
1508 ft2
1967
5823 GUEST RIVER RD
Rent to Own Eligible
 
Single Family Home
Norton, VA 24273
3
2
1544 ft2
New
1 of 101 171 CYPRESS ST
Rent to Own Eligible
 
Single Family Home
Gate City, VA 24251
5
2
2982 ft2
1890
9780 WILDERNESS RD
Rent to Own Eligible
 
Single Family Home
Ewing, VA 24248
3
2
0 ft2
1941
2840 3 SPRINGS RD
Rent to Own Eligible
 
Single Family Home
Whitesburg, TN 37891
2
1
812 ft2
1920
382 HARRY FRY DR
Rent to Own Eligible
 
Single Family Home
Gate City, VA 24251
2
2
1820 ft2
1972
195 NEVILS DR
Rent to Own Eligible
 
Single Family Home
Ewing, VA 24248
2
1
0 ft2
1974
1671 US HIGHWAY 23 S
Rent to Own Eligible
 
Single Family Home
Weber City, VA 24290
2
2
1144 ft2
1965
172 RIDGEFIELD RD SW
Rent to Own Eligible
 
Single Family Home
Wise, VA 24293
4
4
2100 ft2
1975
New
1 of 32 304 HIGHLAND ST SE
Rent to Own Eligible
 
Single Family Home
Wise, VA 24293
3
2
1264 ft2
932 CLEARWOOD AVE
Rent to Own Eligible
 
Single Family Home
Kingsport, TN 37660
4
3
3689 ft2
1978
8949 BIRCHFIELD HEIGHTS RD
Rent to Own Eligible
 
Single Family Home
Wise, VA 24293
4
2
2794 ft2
6822 SANDPIPER RD
Rent to Own Eligible
 
Single Family Home
Wise, VA 24293
4
4
3384 ft2
2005
1 of 36 826 HURRICANE RD NE
Rent to Own Eligible
 
Single Family Home
Wise, VA 24293
3
1
1261 ft2
1976
1 of 37 2720 EDINBURGH CHANNEL RD
Rent to Own Eligible
 
Single Family Home
Kingsport, TN 37664
3
3
2292 ft2
2013
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Buying a Home in Pennington Gap, VA

Pennington Gap, VA is seeing rapid growth and Pennington Gap, VA's' housing market remains optimal with an average home price that is -62% below the 2024 national average. Pennington Gap, VA is part of Lee county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lee is 0.54% which is below the national average, which is 0.99%.

Median Home Price in Pennington Gap, VA

Median Rent in Pennington Gap, VA

Rent to own homes offer low monthly payments and flexible terms.