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These days, finding an affordable place to live in the 24316 area can be challenging. Home prices in 24316 are now at a median cost of $145,300, lower than the Virginia average of $443,089.
The average cost of rent is $682/mo in 24316, primarily driven by the current value of real estate in the 24316 area. In 24316, 18.89% of households rent, and 68.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 24316 is $5,604 per month. Households that rent pay about 12.17% of their income on rent here. 24316’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 24377, VA: equally priced homes
- 24370, VA: less expensive homes
- 24637, VA: equally priced homes
- 24609, VA: equally priced homes
- 24354, VA: higher priced homes
- 24641, VA: less expensive homes
- 24612, VA: less expensive homes
- 24280, VA: higher priced homes
- 24318, VA: less expensive homes
- 24311, VA: equally priced homes
Zip Codes with Similar Populations
- 99732, AK: less expensive homes
- 99706, AK: higher priced homes
- 99656, AK: higher priced homes
- 99154, WA: higher priced homes
- 99144, WA: higher priced homes
- 04635, ME: higher priced homes
- 63442, MO: less expensive homes
- 71772, AR: higher priced homes
- 71452, LA: higher priced homes
- 71316, LA: less expensive homes
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