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These days, finding an affordable place to live in the 24540 area can be challenging. Home prices in 24540 are now at a median cost of $140,808, lower than the Virginia average of $443,089.
The average cost of rent is $840/mo in 24540, primarily driven by the current value of real estate in the 24540 area. In 24540, 41.23% of households rent, and 51.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 24540 is $4,315 per month. Households that rent pay about 19.46% of their income on rent here. 24540’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
- 24541, VA: equally priced homes
- 24527, VA: higher priced homes
- 24586, VA: higher priced homes
- 27315, NC: equally priced homes
- 24549, VA: higher priced homes
- 24566, VA: less expensive homes
- 24594, VA: equally priced homes
- 27305, NC: higher priced homes
- 24069, VA: higher priced homes
- 24530, VA: equally priced homes
Zip Codes with Similar Populations
- 78653, TX: higher priced homes
- 33626, FL: higher priced homes
- 37830, TN: higher priced homes
- 44004, OH: equally priced homes
- 48089, MI: less expensive homes
- 48601, MI: less expensive homes
- 50265, IA: higher priced homes
- 68046, NE: higher priced homes
- 74011, OK: higher priced homes
- 00985, PR: equally priced homes
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