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Amherst town, VA

ZIP 24521 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24521

Median Home Value
$233,600
Median Rent
$705
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,501/mo PITI).

12%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

27.6 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 24521 in Amherst town, VA, a household would need roughly $64,000 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 $1,501. That is roughly in line with the local median household income ($69,077). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.0%+19% vs US avg
x
Vacancy Rate
11.2%+9% vs US avg
x
Broadband Access
81.7%-6% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
17.5%-65% vs US avg
x
Mortgage-Free
47.6%+25% vs US avg
x
$233,600
Home Value
$705
Rent
1979
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached76.8%
  • 1-unit attached3.4%
  • 2-9 units4.4%
  • 10+ units0.1%
  • Mobile home & other15.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$233,600
Median rent$705
Owner-occupied78.0%
Vacant11.2%
Price-to-income3.4x
Est. income to buy$64,000