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Honaker town, VA

ZIP 24260 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24260

Median Home Value
$96,500
Median Rent
$406
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$620/mo PITI).

12%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.8 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 24260 in Honaker town, VA, a household would need roughly $27,000 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 $620. That sits below the local median household income ($39,678), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.6%+8% vs US avg
x
Vacancy Rate
15.7%+53% vs US avg
x
Broadband Access
54.8%-37% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
0.8%-93% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
15.4%-69% vs US avg
x
Mortgage-Free
62.7%+64% vs US avg
x
$96,500
Home Value
$406
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached69.1%
  • 1-unit attached2.7%
  • 2-9 units1.2%
  • 10+ units1.4%
  • Mobile home & other25.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$96,500
Median rent$406
Owner-occupied70.6%
Vacant15.7%
Price-to-income2.4x
Est. income to buy$27,000