ZIP 24012 - 860Z200US24012 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 24012 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the Roanoke, Virginia area, this ZIP code offers a mix of affordability, diversity, and opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 24012.

Population & Households

ZIP 24012 is home to a population of 28,734 residents, making it a moderately sized community with a suburban feel. This area supports 12,348 households, reflecting a strong base of families, individuals, and renters. With 13,455 total housing units, there’s a slight surplus of available properties, which could indicate opportunities for buyers or investors looking to enter the market. The balance between population and housing units suggests a stable community with room for growth or development.

Income & Housing Costs

The median household income in ZIP 24012 stands at $51,002, which positions this area as a working-class community with accessible living costs. For homebuyers, the median house value of $177,000 offers an affordable entry point compared to many urban markets, making it an attractive option for first-time buyers or those seeking value. Renters, on the other hand, face a median rent of $1,002 per month, which aligns reasonably with the income levels and suggests a balanced rental market. These figures highlight 24012 as a cost-effective location for both owning and renting, appealing to a wide range of budgets.

Race & Ethnicity

ZIP 24012 boasts a diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial composition breaks down as follows: 60.02% White, 16.37% Black, 4.4% Asian, and 13.84% Hispanic. This diversity creates a vibrant community atmosphere, offering opportunities for cultural exchange and a broad customer base for small businesses. For investors and business owners, this mix can translate into a dynamic market with varied needs and preferences, while homebuyers may appreciate the inclusive environment.

Key Facts

• Total population: 28,734 residents, reflecting a mid-sized community.
• Total households: 12,348, indicating a solid residential base.
• Total housing units: 13,455, suggesting potential availability for new residents or investors.
• Median household income: $51,002, supporting an affordable lifestyle.
• Median house value: $177,000, an accessible price point for homeownership.
• Median rent: $1,002, reasonable for the income demographic.
• Diverse population: 60.02% White, 16.37% Black, 4.4% Asian, 13.84% Hispanic.

What This Means for You

For homebuyers, ZIP 24012 offers an affordable housing market with a median home value of $177,000, ideal for those looking to settle in a diverse and welcoming community without breaking the bank. The slight surplus of housing units could mean less competition and more negotiating power when purchasing a property.

For investors and real estate agents, the combination of reasonable home values and a stable rental market (median rent of $1,002) suggests potential for solid returns on investment properties. The diversity and population size also indicate a steady demand for housing, whether for sale or rent.

For small-business owners, the diverse demographic makeup of 24012 provides a broad customer base with varied needs, from cultural foods to tailored services. The median income of $51,002 reflects a community with disposable income for local goods and services, making this an appealing spot to set up shop.

For analysts, these metrics offer a clear baseline for tracking trends in housing affordability, demographic shifts, or economic growth in the Roanoke area, helping to inform broader market studies or local policy recommendations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 24012? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business expansion with confidence.