ZIP 24017 - 860Z200US24017 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 24017 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in Roanoke, Virginia, this ZIP code offers a diverse community with unique opportunities and challenges. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 24017 distinct.

Population & Households

ZIP 24017 is home to a population of 24,565 residents as of 2023, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 10,004 households, reflecting a variety of family structures and living arrangements. With 11,263 total housing units in the area, there’s a noticeable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in this market. Understanding the balance between population and housing availability is key to gauging demand and growth potential in this ZIP code.

Income & Housing Costs

The median household income in ZIP 24017 stands at $45,954, which is below the national average but reflects the local economic context. For homebuyers and renters, this income level suggests a community where affordability is a priority. The median house value is $139,800, offering a relatively accessible entry point for first-time buyers or investors seeking value-driven opportunities. Meanwhile, the median rent is $966 per month, which aligns with the income levels and indicates a rental market that could appeal to tenants looking for reasonable costs. These figures provide a practical baseline for assessing affordability and investment returns in this area.

Race & Ethnicity

ZIP 24017 boasts a diverse population, with a racial and ethnic composition that shapes its cultural fabric. The largest demographic group is Black or African American at 59.03%, followed by White residents at 25.47%. Hispanic or Latino individuals make up 9.3% of the population, while Asian residents account for 3.81%. This diversity can be a draw for businesses seeking to serve a wide customer base or for families looking for an inclusive community. Understanding these demographics helps stakeholders anticipate community needs, from cultural amenities to targeted marketing strategies.

Key Facts

• Total population: 24,565 residents in ZIP 24017 as of 2023.
• Total households: 10,004, indicating a mix of family and individual living arrangements.
• Total housing units: 11,263, with some units potentially vacant or available for purchase/rent.
• Median household income: $45,954, reflecting local economic conditions.
• Median house value: $139,800, an accessible price point for many buyers.
• Median rent: $966 per month, aligning with affordability for renters.
• Racial diversity: Predominantly Black (59.03%), with significant White (25.47%) and Hispanic (9.3%) populations.

What This Means for You

For homebuyers, ZIP 24017 offers an affordable housing market with a median home value of $139,800, ideal for those entering the market or seeking budget-friendly options. The diversity and community size suggest a vibrant area with potential for long-term growth. Investors and real estate agents should note the gap between total housing units and households, which may indicate opportunities for rental properties or fixer-uppers, especially given the reasonable median rent of $966. The lower median income could mean higher demand for affordable housing solutions. Small-business owners can leverage the diverse demographic makeup to tailor products or services—think cultural foods, community events, or inclusive marketing—that resonate with a broad audience. Analysts can use this data to track trends in housing availability and demographic shifts, providing deeper insights into market dynamics. Whatever your goal, these metrics offer a foundation for strategic planning in ZIP 24017.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for ZIP 24017? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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