ZIP Code 24437 — New Hope CDP, VA Demographics & Data

ZIP code 24437 covers New Hope, VA in Augusta County with a population of about 1,625.

At a glance, the area shows median age of 55.7 versus a U.S. median of about 38.9.

It sits in telephone area codes 540, 826; U.S. House district VA-6; the HARRISONBURG media market.

New Hope, VA fits a retirement-oriented profile (older median age or known retirement-community context). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 24437 is about $88,397 — about 18% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 11.0%; unemployment rate near 11.8%; 28.8% of adults with a bachelor’s degree or higher (about 4.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Retail trade, Healthcare, and Transportation; about 6.0% of workers reporting work-from-home (about 9.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $298,400 — about 14% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 100.0% (about 34.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24437 in New Hope, VA, a household would need roughly $82,000 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 $1,917. That is roughly in line with the local median household income ($88,397). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for New Hope CDP, VA as Relatively Low (composite score 68.6), which is near the middle of the national distribution. The strongest component scores on US5 are flood (80.2) and hurricane (79.2). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for New Hope CDP, VA show little to no average snow and around 40.6 inches of annual precipitation.

IRS migration statistics show a net inflow of about 92 for ZIP 24437 (New Hope CDP, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.