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Rural Retreat town, VA

ZIP 24368 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24368

Median Home Value
$163,200
Median Rent
$560
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,048/mo PITI).

10%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.3 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 24368 in Rural Retreat town, VA, a household would need roughly $45,000 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 $1,048. That sits below the local median household income ($66,234), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.2%+33% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
87.4%+0% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
2.1%-84% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
60.7%+59% vs US avg
x
$163,200
Home Value
$560
Rent
1984
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 detached69.3%
  • 1-unit attached0.4%
  • 2-9 units3.4%
  • 10+ units0.7%
  • Mobile home & other26.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$163,200
Median rent$560
Owner-occupied87.2%
Vacant12.3%
Price-to-income2.5x
Est. income to buy$45,000