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Danville city, VA

ZIP 24541 — 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 24541

Median Home Value
$134,800
Median Rent
$568
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$866/mo PITI).

14%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.8 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 24541 in Danville city, VA, a household would need roughly $37,000 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 $866. That sits below the local median household income ($49,292), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
53.5%-18% vs US avg
x
Vacancy Rate
15.3%+48% vs US avg
x
Broadband Access
78.2%-10% vs US avg
x
4+ Bedrooms
3.2%-79% vs US avg
x
Built Pre-1939
11.5%-10% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
23.0%-54% vs US avg
x
Mortgage-Free
52.4%+37% vs US avg
x
$134,800
Home Value
$568
Rent
1963
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached69.6%
  • 1-unit attached1.5%
  • 2-9 units13.5%
  • 10+ units10.8%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$134,800
Median rent$568
Owner-occupied53.5%
Vacant15.3%
Price-to-income2.7x
Est. income to buy$37,000