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, VA

ZIP 24553 — 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 24553

Median Home Value
$163,600
Median Rent
$588
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,051/mo PITI).

12%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.2 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 24553 in VA, a household would need roughly $45,000 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 $1,051. That sits below the local median household income ($59,583), 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 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.5%+20% vs US avg
x
Vacancy Rate
18.8%+82% vs US avg
x
Broadband Access
79.6%-9% vs US avg
x
4+ Bedrooms
3.3%-77% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
42.8%+12% vs US avg
x
$163,600
Home Value
$588
Rent
1985
Year Built
1999
Moved In

Residents have lived here since ~1999 on average

Housing Structure

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

  • 1-unit detached64.6%
  • 1-unit attached1.2%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other34.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$163,600
Median rent$588
Owner-occupied78.5%
Vacant18.8%
Price-to-income2.7x
Est. income to buy$45,000