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These days, finding an affordable place to live in the 24016 area can be challenging. Home prices in 24016 are now at a median cost of $210,091, lower than the Virginia average of $443,089.
The average cost of rent is $864/mo in 24016, primarily driven by the current value of real estate in the 24016 area. In 24016, 77.87% of households rent, and 63.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 24016 is $3,665 per month. Households that rent pay about 23.58% of their income on rent here. 24016’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 24011, VA: higher priced homes
- 24013, VA: less expensive homes
- 24015, VA: higher priced homes
- 24014, VA: higher priced homes
- 24017, VA: less expensive homes
- 24012, VA: equally priced homes
- 24019, VA: higher priced homes
- 24018, VA: higher priced homes
- 24179, VA: equally priced homes
- 24020, VA: higher priced homes
Zip Codes with Similar Populations
- 77563, TX: higher priced homes
- 19118, PA: higher priced homes
- 23664, VA: higher priced homes
- 25311, WV: equally priced homes
- 29006, SC: less expensive homes
- 49837, MI: less expensive homes
- 63143, MO: higher priced homes
- 64076, MO: higher priced homes
- 69301, NE: less expensive homes
- 77547, TX: less expensive homes
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