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Timberlake CDP, VA

ZIP 24550 — 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 24550

Median Home Value
$201,700
Median Rent
$705
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,296/mo PITI).

12%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.8 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 24550 in Timberlake CDP, VA, a household would need roughly $56,000 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 $1,296. That sits below the local median household income ($68,026), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.5%+18% vs US avg
x
Vacancy Rate
9.3%-10% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
18.4%-63% vs US avg
x
Mortgage-Free
38.2%+0% vs US avg
x
$201,700
Home Value
$705
Rent
1989
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 detached64.0%
  • 1-unit attached0.5%
  • 2-9 units4.1%
  • 10+ units3.0%
  • Mobile home & other28.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$201,700
Median rent$705
Owner-occupied77.5%
Vacant9.3%
Price-to-income3.0x
Est. income to buy$56,000