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Norton city, VA

ZIP 24273 — 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 24273

Median Home Value
$105,600
Median Rent
$451
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$678/mo PITI).

14%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.5 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 24273 in Norton city, 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 $678. That sits below the local median household income ($39,797), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
62.4%-5% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
78.0%-10% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
57.2%+50% vs US avg
x
$105,600
Home Value
$451
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached58.7%
  • 1-unit attached0.8%
  • 2-9 units12.5%
  • 10+ units8.0%
  • Mobile home & other20.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$105,600
Median rent$451
Owner-occupied62.4%
Vacant10.9%
Price-to-income2.7x
Est. income to buy$29,000