ZIP Code 24474 — Selma CDP, VA Demographics & Data

ZIP code 24474 covers Selma, VA in Alleghany County with a population of about 333.

At a glance, the area shows median age of 34.7 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.

Selma, VA sits in a university / college context (near mountain gateway community college (0.6 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 24474 is about $58,603 — about 22% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 15.6%; unemployment rate near 0.0%.

Labor and commute patterns include leading industry context around Manufacturing and Transportation; a mean commute of about 111.0 minutes (U.S. average near 26.8).

Median home value is about $96,900 — about 72% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 100.0% (about 34.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24474 in Selma, 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 $622. That sits below the local median household income ($58,603), 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.

FEMA’s National Risk Index rates natural-hazard risk for Selma CDP, VA as Very Low (composite score 38.1), which is relatively lower than many U.S. communities. The strongest component scores on US5 are flood (56.3) and hurricane (54.9). 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 Selma CDP, VA show little to no average snow and around 39.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 19 for ZIP 24474 (Selma CDP, 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.