ZIP Code 24505 — undefined, undefined Demographics & Data

ZIP code 24505 covers ZIP 24505 with a population of about 6,631.

At a glance, the area shows median age of 19.8 versus a U.S. median of about 38.9.

It sits in the ROANOKE - LYNCHBURG media market.

Median household income in ZIP 24505 is about $48,278 — about 36% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 16.6%; unemployment rate near 9.6%; 55.5% of adults with a bachelor’s degree or higher (about 21.8 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Food services, Education, and Arts and entertainment; about 17.4% of workers reporting work-from-home (about 2.2 points above 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 $186,600 — about 46% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $842 (about 28% below the U.S. median rent ($1,163)), and owner-occupancy near 54.0% (about 11.4 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24505, a household would need roughly $51,000 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 $1,199. That is roughly in line with the local median household income ($48,278). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.