ZIP 24019 - 860Z200US24019 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 24019, located in the Roanoke, Virginia area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the area’s potential.

Population & Households

ZIP 24019 is home to a population of 28,615 residents, making it a moderately sized community with a suburban feel. This area supports 11,852 households, reflecting a strong base of families and individuals. Additionally, there are 12,373 total housing units, indicating a slight surplus of available homes compared to occupied households. This balance suggests opportunities for prospective buyers or renters looking to settle in a stable, established area.

Income & Housing Costs

The median household income in ZIP 24019 stands at $75,329, which points to a relatively comfortable economic environment for many residents. This income level supports a solid middle-class lifestyle and can attract businesses catering to discretionary spending. On the housing front, the median home value is $237,900, offering a reasonable entry point for buyers compared to national averages in many urban markets. For renters, the median rent is $1,207 per month, reflecting a competitive but accessible rental market. These figures suggest that ZIP 24019 strikes a balance between affordability and quality of living.

Race & Ethnicity

The demographic makeup of ZIP 24019 is predominantly White, with 76.19% of the population identifying as such. Black residents account for 13.24%, while Asian and Hispanic populations are smaller, at 3.42% and 3.53%, respectively. This composition indicates a community with a majority White population but with notable diversity that could influence cultural offerings, community events, and business opportunities. For investors and business owners, understanding this mix can help tailor services or marketing strategies to resonate with local residents.

Key Facts

• Total population: 28,615 residents, offering a mid-sized community vibe.
• Total households: 11,852, indicating a strong residential base.
• Total housing units: 12,373, suggesting some availability for new occupants.
• Median household income: $75,329, supporting a stable economic environment.
• Median home value: $237,900, an accessible price point for many buyers.
• Median rent: $1,207, reflecting a competitive rental market.
• Racial composition: 76.19% White, 13.24% Black, 3.42% Asian, 3.53% Hispanic.

What This Means for You

For homebuyers, ZIP 24019 presents an attractive option with median home values at $237,900, which could be within reach for many budgets, especially given the median household income of $75,329. The slight surplus of housing units (12,373 total vs. 11,852 households) hints at potential availability, though competition may still exist in desirable neighborhoods.

For real estate investors and agents, the area’s stable population of 28,615 and reasonable home values suggest a market with steady demand. The rental market, with a median rent of $1,207, could also offer opportunities for consistent returns on investment properties, especially for those targeting middle-income renters.

For small-business owners, the demographic diversity (notably 13.24% Black and smaller Asian and Hispanic populations) alongside a solid income base provides a chance to serve a varied customer base. Retail, dining, or service-based businesses could thrive by aligning offerings with the community’s needs and cultural preferences.

For analysts, these metrics offer a snapshot of a balanced community with economic stability and moderate growth potential. The data can be a starting point for deeper studies into housing trends or economic development in the Roanoke region.

Run This Study Yourself

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