ZIP 24541 - 860Z200US24541 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 24541 in Danville, Virginia, for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and cultural diversity in this area. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions tailored to your goals.

Population & Households

ZIP 24541 is home to a population of 28,151 individuals, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 12,288 households, reflecting a strong residential base. With 14,506 total housing units, there’s a notable inventory of homes, though not all are occupied. This balance of population and housing suggests opportunities for growth, whether you’re looking to settle down or invest in property.

Income & Housing Costs

The median household income in ZIP 24541 stands at $49,292, which indicates a working-class community with moderate earning power. For homebuyers or investors, the median house value of $134,800 presents an affordable entry point compared to many national markets. This price point could appeal to first-time buyers or those seeking value-driven investments. Meanwhile, the median rent of $818 per month offers a reasonable option for renters and a potential income stream for landlords. These figures highlight ZIP 24541 as a cost-effective area for housing, balancing affordability with opportunity.

Race & Ethnicity

Diversity is a defining feature of ZIP 24541, with a racial composition that includes 50.47% White, 39.09% Black, 1.78% Asian, and 4.58% Hispanic residents. This mix creates a culturally rich environment, which can be a draw for families seeking inclusive communities or businesses aiming to serve a varied customer base. Understanding this demographic breakdown can help you anticipate community needs, whether you’re planning a move, a real estate project, or a local business.

Key Facts

• Total population: 28,151 residents, offering a sizable community for engagement or market reach.
• Total households: 12,288, indicating a strong residential foundation.
• Total housing units: 14,506, with potential for occupancy growth or development.
• Median household income: $49,292, reflecting moderate economic stability.
• Median house value: $134,800, an accessible price for buyers and investors.
• Median rent: $818, a competitive rate for tenants and landlords.
• Racial diversity: Predominantly White (50.47%) and Black (39.09%), with smaller Asian (1.78%) and Hispanic (4.58%) populations.

What This Means for You

For homebuyers, ZIP 24541 offers affordability with a median home value of $134,800, making it a practical choice for families or individuals entering the housing market. The diverse community also means access to a variety of cultural experiences and local amenities. Investors and real estate agents can find value in the gap between total housing units (14,506) and occupied households (12,288), which may signal room for rental or flip opportunities at reasonable acquisition costs. The median rent of $818 suggests steady demand for rental properties, providing a potential return on investment.

For small-business owners, the population of 28,151 and diverse demographic makeup offer a broad customer base. The moderate median income of $49,292 indicates that pricing strategies should focus on value and accessibility to appeal to local consumers. Additionally, the cultural diversity can inspire businesses to cater to varied tastes and needs, from food to services. Analysts can use this data as a baseline to track trends in housing occupancy, income growth, or demographic shifts over time, providing deeper insights for clients or stakeholders.

Run This Study Yourself

Want to dive deeper into ZIP 24541 or explore another area? Follow these simple steps to uncover detailed demographic and housing insights on your own:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to generate a comprehensive report tailored to your needs.
• Use the data to inform your decisions, whether for buying, investing, or launching a business.