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ZIP 24031 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24031

Median Home Value
$175,200
Median Rent
$1,063
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,125/mo PITI).

23%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

13.7 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 24031, a household would need roughly $48,000 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 $1,125. That sits below the local median household income ($56,118), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
43.4%-34% vs US avg
x
Vacancy Rate
7.9%-24% vs US avg
x
Broadband Access
81.5%-6% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
31.8%-36% vs US avg
x
Mortgage-Free
39.3%+3% vs US avg
x
$175,200
Home Value
$1,063
Rent
1985
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached49.9%
  • 1-unit attached5.9%
  • 2-9 units19.3%
  • 10+ units24.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,200
Median rent$1,063
Owner-occupied43.4%
Vacant7.9%
Price-to-income3.1x
Est. income to buy$48,000