ZIP code 24540: income, home prices and cost of living

The median household income in ZIP 24540 is $44,458, which is 39% below the Virginia median of $72,674 and 35% below the national figure. The typical home is valued at $128,000, and the median rent is $782/month. 59.3% of households own their home.

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

Median household income

$44,458

Virginia average
$72,67439%
National
$68,75035%

Median home value

$128,000

Virginia average
$251,00049%
National
$209,60039%

Median gross rent

$782

Virginia average
$1,09228%
National
$98421%

Median age

44.5 yrs

Virginia average
42.5 yrs5%
National
41.0 yrs9%

Homeownership rate

59.3%

Virginia average
76.2%22%
National
75.8%22%

Bachelor's degree or higher

12.1%

Virginia average
16.6%27%
National
15.9%24%

How ZIP 24540 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

24541245312455024551245232455724522245582452124515

Or compare 24540 with 24541.

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What people search about ZIP 24540

Searches for the cost of living in 24540, the median household income in 24540, average rent in 24540 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 24540, 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.