ZIP code 24416: income, home prices and cost of living

The median household income in ZIP 24416 is $49,614, which is 32% below the Virginia median of $72,674 and 28% below the national figure. The typical home is valued at $152,600, and the median rent is $993/month. 63.1% of households own their home.

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

Median household income

$49,614

Virginia average
$72,67432%
National
$68,75028%

Median home value

$152,600

Virginia average
$251,00039%
National
$209,60027%

Median gross rent

$993

Virginia average
$1,0929%
National
$984

Median age

36.5 yrs

Virginia average
42.5 yrs14%
National
41.0 yrs11%

Homeownership rate

63.1%

Virginia average
76.2%17%
National
75.8%17%

Bachelor's degree or higher

13.9%

Virginia average
16.6%16%
National
15.9%13%

How ZIP 24416 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

24422244262440124441243822445024370243682436024477

Or compare 24416 with 24422.

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What people search about ZIP 24416

Searches for the cost of living in 24416, the median household income in 24416, average rent in 24416 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 24416, 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.