ZIP code 24016: income, home prices and cost of living

The median household income in ZIP 24016 is $40,664, which is 44% below the Virginia median of $72,674 and 41% below the national figure. The typical home is valued at $111,600, and the median rent is $919/month. 20.4% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$40,664

Virginia average
$72,67444%
National
$68,75041%

Median home value

$111,600

Virginia average
$251,00056%
National
$209,60047%

Median gross rent

$919

Virginia average
$1,09216%
National
$9847%

Median age

32.8 yrs

Virginia average
42.5 yrs23%
National
41.0 yrs20%

Homeownership rate

20.4%

Virginia average
76.2%73%
National
75.8%73%

Bachelor's degree or higher

14.4%

Virginia average
16.6%13%
National
15.9%9%

How ZIP 24016 compares with Virginia and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Virginia

24015240172401424018240132401924012240542405524060

Or compare 24016 with 24015.

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What people search about ZIP 24016

Searches for the cost of living in 24016, the median household income in 24016, average rent in 24016 and home values in this part of Virginia all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 24016, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.