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Cluster Springs CDP, VA

ZIP 24520 — 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 24520

Median Home Value
$132,500
Median Rent
$510
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$851/mo PITI).

15%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.7 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 24520 in Cluster Springs CDP, VA, a household would need roughly $36,000 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 $851. That is roughly in line with the local median household income ($39,773). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
15.5%+50% vs US avg
x
Broadband Access
57.6%-34% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
41.0%-18% vs US avg
x
Mortgage-Free
45.6%+19% vs US avg
x
$132,500
Home Value
$510
Rent
1988
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.9%
  • 1-unit attached0.8%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other35.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$132,500
Median rent$510
Owner-occupied79.4%
Vacant15.5%
Price-to-income3.3x
Est. income to buy$36,000