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, VA

ZIP 23840 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23840

Median Home Value
$253,800
Median Rent
$879
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,630/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23840 in VA, a household would need roughly $70,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,630. That is roughly in line with the local median household income ($72,061). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.2%+15% vs US avg
x
Vacancy Rate
16.2%+57% vs US avg
x
Broadband Access
75.6%-13% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
29.4%-41% vs US avg
x
Mortgage-Free
54.4%+42% vs US avg
x
$253,800
Home Value
$879
Rent
1984
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.5%
  • 1-unit attached0.0%
  • 2-9 units1.3%
  • 10+ units0.0%
  • Mobile home & other20.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$253,800
Median rent$879
Owner-occupied75.2%
Vacant16.2%
Price-to-income3.5x
Est. income to buy$70,000