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Blacksburg town, VA

ZIP 24060 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24060

Median Home Value
$412,300
Median Rent
$1,156
Affordability Snapshot
$114,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,649/mo PITI).

22%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.7 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 24060 in Blacksburg town, VA, a household would need roughly $114,000 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 $2,649. That is about 80% above the local median household income ($63,496), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
42.2%-36% vs US avg
x
Vacancy Rate
16.3%+58% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
6.9%-53% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
32.9%-34% vs US avg
x
Mortgage-Free
50.0%+31% vs US avg
x
$412,300
Home Value
$1,156
Rent
1985
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached44.9%
  • 1-unit attached5.3%
  • 2-9 units16.5%
  • 10+ units28.6%
  • Mobile home & other4.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$412,300
Median rent$1,156
Owner-occupied42.2%
Vacant16.3%
Price-to-income6.5x
Est. income to buy$114,000