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These days, finding an affordable place to live in the 24416 area can be challenging. Home prices in 24416 are now at a median cost of $176,643, lower than the Virginia average of $443,089.
The average cost of rent is $1,333/mo in 24416, primarily driven by the current value of real estate in the 24416 area. In 24416, 37.85% of households rent, and 43.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 24416 is $4,492 per month. Households that rent pay about 29.66% of their income on rent here. 24416’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern 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
- 24450, VA: higher priced homes
- 24555, VA: equally priced homes
- 24435, VA: higher priced homes
- 24483, VA: higher priced homes
- 24578, VA: higher priced homes
- 24579, VA: equally priced homes
- 24464, VA: higher priced homes
- 22976, VA: higher priced homes
- 22964, VA: higher priced homes
- 22967, VA: higher priced homes
Zip Codes with Similar Populations
- 84701, UT: higher priced homes
- 27983, NC: less expensive homes
- 31087, GA: less expensive homes
- 31779, GA: less expensive homes
- 31808, GA: higher priced homes
- 32179, FL: equally priced homes
- 34291, FL: higher priced homes
- 35503, AL: less expensive homes
- 36604, AL: higher priced homes
- 36853, AL: higher priced homes
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