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Cleveland town, VA

ZIP 24225 — 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 24225

Median Home Value
$106,600
Median Rent
$289
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$685/mo PITI).

13%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

30.7 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 24225 in Cleveland town, VA, a household would need roughly $29,000 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 $685. That is roughly in line with the local median household income ($26,438). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 27% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.4%-3% vs US avg
x
Vacancy Rate
27.1%+163% vs US avg
x
Broadband Access
53.5%-38% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
9.0%-82% vs US avg
x
Mortgage-Free
52.2%+37% vs US avg
x
$106,600
Home Value
$289
Rent
1964
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached79.4%
  • 1-unit attached0.0%
  • 2-9 units4.7%
  • 10+ units0.1%
  • Mobile home & other15.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,600
Median rent$289
Owner-occupied63.4%
Vacant27.1%
Price-to-income4.0x
Est. income to buy$29,000