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Narrows town, VA

ZIP 24124 — 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 24124

Median Home Value
$113,100
Median Rent
$478
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$727/mo PITI).

9%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.7 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 24124 in Narrows town, VA, a household would need roughly $31,000 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 $727. That sits below the local median household income ($60,960), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (21% built before 1939)

Owner Occupied
81.7%+25% vs US avg
x
Vacancy Rate
20.2%+96% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
21.0%+64% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
2.3%-95% vs US avg
x
Mortgage-Free
54.2%+42% vs US avg
x
$113,100
Home Value
$478
Rent
1957
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 detached83.6%
  • 1-unit attached0.4%
  • 2-9 units4.5%
  • 10+ units0.1%
  • Mobile home & other11.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$113,100
Median rent$478
Owner-occupied81.7%
Vacant20.2%
Price-to-income1.9x
Est. income to buy$31,000