ZIP Code 24450 — Lexington city, VA Demographics & Data

ZIP code 24450 covers Lexington, VA in Rockbridge County with a population of about 17,760.

At a glance, the area shows median age of 37.2 versus a U.S. median of about 38.9.

It sits in telephone area codes 540, 826; U.S. House district VA-6; the ROANOKE - LYNCHBURG media market.

Median household income in ZIP 24450 is about $77,839 — about 4% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 9.3%; unemployment rate near 1.2%; 45.5% of adults with a bachelor’s degree or higher (about 11.8 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Healthcare, and Professional services; about 12.9% of workers reporting work-from-home (about 2.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $294,200 — about 15% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $851 (about 27% below the U.S. median rent ($1,163)), and owner-occupancy near 66.8% (about 1.4 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24450 in Lexington, VA, a household would need roughly $81,000 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 $1,890. That is roughly in line with the local median household income ($77,839). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Lexington city, VA as Very Low (composite score 33.3), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (69.1) and wildfire (59.1). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Lexington city, VA show little to no average snow and around 42.9 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,002 for ZIP 24450 (Lexington city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.