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ZIP 24062 — Housing & Real Estate

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

Low Income AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24062

Median Home Value
$348,200
Median Rent
$1,167
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,237/mo PITI).

60%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

15.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.9 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 24062, a household would need roughly $96,000 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 $2,237. That is about 314% above the local median household income ($23,201), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
23.4%-64% vs US avg
x
Vacancy Rate
27.6%+167% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
7.5%-42% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
48.4%-3% vs US avg
x
Mortgage-Free
44.3%+16% vs US avg
x
$348,200
Home Value
$1,167
Rent
1981
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached31.8%
  • 1-unit attached0.0%
  • 2-9 units7.9%
  • 10+ units60.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$348,200
Median rent$1,167
Owner-occupied23.4%
Vacant27.6%
Price-to-income15.0x
Est. income to buy$96,000