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Millboro CDP, VA

ZIP 24460 — 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 24460

Median Home Value
$177,900
Median Rent
$570
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,143/mo PITI).

15%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

26.0 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 24460 in Millboro CDP, VA, a household would need roughly $49,000 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 $1,143. That is roughly in line with the local median household income ($44,453). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 43% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
42.9%+317% vs US avg
x
Broadband Access
76.0%-13% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
46.9%+23% vs US avg
x
$177,900
Home Value
$570
Rent
1976
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached85.0%
  • 1-unit attached0.0%
  • 2-9 units1.2%
  • 10+ units0.5%
  • Mobile home & other13.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$177,900
Median rent$570
Owner-occupied79.0%
Vacant42.9%
Price-to-income4.0x
Est. income to buy$49,000