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These days, finding an affordable place to live in the 24550 area can be challenging. Home prices in 24550 are now at a median cost of $269,787, lower than the Virginia average of $443,089.
The average cost of rent is $941/mo in 24550, primarily driven by the current value of real estate in the 24550 area. In 24550, 18.67% of households rent, and 37.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 24550 is $6,366 per month. Households that rent pay about 14.78% of their income on rent here. 24550’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 24551, VA: higher priced homes
- 24502, VA: less expensive homes
- 24588, VA: less expensive homes
- 24517, VA: less expensive homes
- 24571, VA: less expensive homes
- 24556, VA: higher priced homes
- 24501, VA: less expensive homes
- 24570, VA: less expensive homes
- 24504, VA: less expensive homes
- 24554, VA: less expensive homes
Zip Codes with Similar Populations
- 98239, WA: higher priced homes
- 98014, WA: higher priced homes
- 37820, TN: less expensive homes
- 61010, IL: less expensive homes
- 56329, MN: equally priced homes
- 56265, MN: less expensive homes
- 52742, IA: equally priced homes
- 48657, MI: less expensive homes
- 48616, MI: less expensive homes
- 48519, MI: less expensive homes
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