US5.com
  1. Home
  2. States
  3. Virginia
  4. ZIP 24551
  5. Housing & Real Estate
Forest CDP, VA

ZIP 24551 — 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 24551

Median Home Value
$345,600
Median Rent
$893
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,220/mo PITI).

12%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

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

32.3 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 24551 in Forest CDP, VA, a household would need roughly $95,000 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 $2,220. That is roughly in line with the local median household income ($91,119). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.6%+25% vs US avg
x
Vacancy Rate
2.7%-74% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
7.9%-46% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.8%-73% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
31.5%-18% vs US avg
x
$345,600
Home Value
$893
Rent
1995
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached72.3%
  • 1-unit attached9.8%
  • 2-9 units8.4%
  • 10+ units7.7%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$345,600
Median rent$893
Owner-occupied81.6%
Vacant2.7%
Price-to-income3.8x
Est. income to buy$95,000