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Altavista town, VA

ZIP 24517 — 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 24517

Median Home Value
$133,700
Median Rent
$626
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$859/mo PITI).

15%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.8 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 24517 in Altavista town, VA, a household would need roughly $37,000 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 $859. That sits below the local median household income ($51,141), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.0%+7% vs US avg
x
Vacancy Rate
16.9%+64% vs US avg
x
Broadband Access
80.9%-7% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
12.1%-5% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
14.2%-71% vs US avg
x
Mortgage-Free
56.5%+48% vs US avg
x
$133,700
Home Value
$626
Rent
1969
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 detached74.3%
  • 1-unit attached1.8%
  • 2-9 units11.1%
  • 10+ units0.0%
  • Mobile home & other12.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$133,700
Median rent$626
Owner-occupied70.0%
Vacant16.9%
Price-to-income2.6x
Est. income to buy$37,000