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Gratton CDP, VA

ZIP 24651 — 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 24651

Median Home Value
$117,700
Median Rent
$321
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$756/mo PITI).

8%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.6 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 24651 in Gratton CDP, VA, a household would need roughly $32,000 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 $756. That sits below the local median household income ($45,964), 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 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.4%+14% vs US avg
x
Vacancy Rate
24.4%+137% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
1.8%-96% vs US avg
x
Mortgage-Free
57.5%+51% vs US avg
x
$117,700
Home Value
$321
Rent
1977
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached69.2%
  • 1-unit attached2.7%
  • 2-9 units12.8%
  • 10+ units0.6%
  • Mobile home & other14.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,700
Median rent$321
Owner-occupied74.4%
Vacant24.4%
Price-to-income2.6x
Est. income to buy$32,000