ZIP 24401 - 860Z200US24401 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 24401, located in the heart of Virginia’s Shenandoah Valley, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 24401’s profile is the first step to success.

Population & Households

ZIP 24401 is home to a population of 37,720 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 16,657 households, reflecting a strong base of families, singles, and retirees. With 18,056 total housing units, there’s a slight surplus of properties over occupied households, which could indicate availability for new residents or investors looking for opportunities in this region.

Income & Housing Costs

The median household income in ZIP 24401 stands at $63,746, suggesting a stable economic foundation for many residents. This income level supports a comfortable lifestyle in the area, though it’s worth noting for potential buyers or business owners assessing purchasing power. On the housing front, the median home value is $253,700, positioning ZIP 24401 as a relatively affordable market compared to larger metropolitan areas in Virginia. For renters, the median rent is $1,002 per month, offering a more accessible entry point for those not ready to buy. These figures provide a balanced view of affordability and investment potential in the area.

Race & Ethnicity

The demographic makeup of ZIP 24401 is predominantly White, accounting for 82.95% of the population. Black residents make up 8.01%, while Asian and Hispanic populations are smaller, at 1.04% and 3.58%, respectively. This composition reflects a community with limited diversity compared to more urbanized regions, which may influence cultural dynamics, business offerings, or community services. For businesses or investors, understanding this breakdown can help tailor products, marketing, or property developments to the area’s primary demographic groups.

Key Facts

• Total population: 37,720 residents in ZIP 24401 as of 2023.
• Total households: 16,657, indicating a solid residential base.
• Total housing units: 18,056, with some potential vacancy or availability.
• Median household income: $63,746, reflecting moderate economic stability.
• Median home value: $253,700, an accessible price point for many buyers.
• Median rent: $1,002, offering affordable rental options.
• Racial composition: 82.95% White, 8.01% Black, 1.04% Asian, 3.58% Hispanic.

What This Means for You

For homebuyers, ZIP 24401 presents an attractive opportunity with a median home value of $253,700, which is reasonable for a community of this size in Virginia. The slight surplus of housing units over households suggests you may have options to choose from, though acting quickly in a stable market is wise. Real estate investors and agents can leverage the area’s affordability and steady population of 37,720 to target first-time buyers or renters paying a median of $1,002 monthly. The income level of $63,746 indicates a reliable tenant base for rental properties. Small-business owners should note the predominantly White demographic (82.95%) when planning products or services, while also considering niche opportunities for underserved groups. The moderate income level suggests a customer base with disposable income for local goods and services. Analysts can use this data as a baseline to track growth trends or compare ZIP 24401 to neighboring areas for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 24401? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income metrics tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.