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Meadows of Dan CDP, VA

ZIP 24120 — 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 24120

Median Home Value
$197,700
Median Rent
$434
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,270/mo PITI).

11%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

38.0 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 24120 in Meadows of Dan CDP, VA, a household would need roughly $54,000 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 $1,270. That is roughly in line with the local median household income ($48,322). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.0%+22% vs US avg
x
Vacancy Rate
22.7%+121% vs US avg
x
Broadband Access
76.4%-12% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
3.7%-46% vs US avg
x
Rent Burden >30%
10.3%-79% vs US avg
x
Mortgage-Free
57.5%+50% vs US avg
x
$197,700
Home Value
$434
Rent
1974
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 detached77.4%
  • 1-unit attached0.0%
  • 2-9 units2.6%
  • 10+ units0.0%
  • Mobile home & other20.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,700
Median rent$434
Owner-occupied80.0%
Vacant22.7%
Price-to-income4.1x
Est. income to buy$54,000