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Appalachia town, VA

ZIP 24216 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24216

Median Home Value
$54,300
Median Rent
$498
Affordability Snapshot
$15,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$349/mo PITI).

18%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.1 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 24216 in Appalachia town, VA, a household would need roughly $15,000 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 $349. That sits below the local median household income ($32,400), 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

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
67.9%+4% vs US avg
x
Vacancy Rate
18.9%+84% vs US avg
x
Broadband Access
65.6%-25% vs US avg
x
4+ Bedrooms
7.5%-49% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
65.9%+72% vs US avg
x
$54,300
Home Value
$498
Rent
1955
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached68.1%
  • 1-unit attached1.0%
  • 2-9 units12.5%
  • 10+ units6.0%
  • Mobile home & other12.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$54,300
Median rent$498
Owner-occupied67.9%
Vacant18.9%
Price-to-income1.7x
Est. income to buy$15,000