ZIP Code 24077 — Cloverdale CDP, VA Demographics & Data

ZIP code 24077 covers Cloverdale, VA in Botetourt County with a population of about 1,098.

At a glance, the area shows median age of 43.2 versus a U.S. median of about 38.9.

It sits in telephone area codes 540, 826; U.S. House district VA-6; the ROANOKE - LYNCHBURG media market.

Cloverdale, VA sits in a university / college context (near hollins university (2.3 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 24077 is about $89,926 — about 20% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 1.9%; unemployment rate near 7.1%; 26.6% of adults with a bachelor’s degree or higher (about 7.1 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Transportation, and Retail trade; about 4.2% of workers reporting work-from-home (about 11.0 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $321,300 — about 8% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $557 (about 52% below the U.S. median rent ($1,163)), and owner-occupancy near 61.5% (about 3.9 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24077 in Cloverdale, VA, a household would need roughly $88,000 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 $2,064. That is roughly in line with the local median household income ($89,926). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Cloverdale CDP, VA as Very Low (composite score 18.1), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (56.0) and flood (42.4). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Cloverdale CDP, VA show little to no average snow and around 45.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 62 for ZIP 24077 (Cloverdale CDP, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.