US5.com
  1. Home
  2. States
  3. Virginia
  4. ZIP 24602
  5. Housing & Real Estate
, VA

ZIP 24602 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24602

Median Home Value
$58,900
Median Rent
$489
Affordability Snapshot
$16,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$378/mo PITI).

13%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.0 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 24602 in VA, a household would need roughly $16,000 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 $378. That sits below the local median household income ($45,272), 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 42% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.3%-11% vs US avg
x
Vacancy Rate
41.7%+305% vs US avg
x
Broadband Access
43.0%-51% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
18.2%+42% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
5.7%-89% vs US avg
x
Mortgage-Free
82.6%+116% vs US avg
x
$58,900
Home Value
$489
Rent
1973
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached60.7%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other39.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$58,900
Median rent$489
Owner-occupied58.3%
Vacant41.7%
Price-to-income1.3x
Est. income to buy$16,000