USA.com / Virginia / Franklin County / Ferrum, VA / 24088 / Housing

24088 Zip Code Housing

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As of 2010-2014, median price of a house in 24088 Zip Code is $129,400, which is much lower than the state average of $243,500 and is lower than the national average of $175,700. The 24088 Zip Code median house value has grown by 46.21% since 2000. The growth rate for the price of a house in 24088 Zip Code is much lower than the state average rate of 94.18% and is about the same as the national average rate of 46.91%. The median year that a house in 24088 Zip Code was built is 1984, which is newer than the median year for a house built in the state which is 1980 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,181 Owner Occupied Houses in 24088 Zip Code, see rank

24088 Zip Code	129,400 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

24088 Zip Code	46.21%
Virginia	94.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	24088 Zip Code	Virginia	U.S.
Total Housing Units	2,206, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	1,539, 69.76%, see rank	89.38%	87.55%
Owner Occupied	1,181, 53.54%, see rank	59.60%	56.34%
Renter Occupied	358, 16.23%, see rank	29.78%	31.21%
Vacant Housing Units	667, 30.24%, see rank	10.62%	12.45%
For Rent	0, 0.00%, see rank	2.10%	2.34%
For Sale Only	155, 7.03%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	41, 1.86%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	183, 8.30%, see rank	2.67%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	288, 13.06%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #238

24088 Zip Code	Virginia	U.S.
1984	1980	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	24088 Zip Code	%	Virginia	U.S.
Owner-Occupied Units	1,181	100%	2,028,244	74,787,460
With a Mortgage	614	51.99%, see rank	71.14%	65.58%
Without a Mortgage	567	48.01%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

24088 Zip Code	968 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	24088 Zip Code	%	Virginia	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	32	5.21%, see rank	1.45%	1.59%
$500 to $699	71	11.56%, see rank	3.72%	5.01%
$700 to $999	231	37.62%, see rank	10.40%	14.32%
$1,000 to $1,499	116	18.89%, see rank	23.15%	27.90%
$1,500 to $1,999	127	20.68%, see rank	21.20%	20.35%
$2,000 to $2,999	37	6.03%, see rank	24.77%	19.52%
$3,000 or More	0	0.00%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

24088 Zip Code	26.00% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	24088 Zip Code	%	Virginia	U.S.
10% or Less	38	6.19%, see rank	6.18%	5.86%
10% to 20%	207	33.71%, see rank	32.74%	31.95%
20% to 30%	146	23.78%, see rank	29.30%	27.64%
30% to 40%	129	21.01%, see rank	13.96%	13.74%
40% or More	85	13.84%, see rank	17.46%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

24088 Zip Code	241 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	24088 Zip Code	%	Virginia	U.S.
$199 or Less	200	35.27%, see rank	8.34%	7.76%
$200 to $299	195	34.39%, see rank	17.18%	14.70%
$300 to $499	139	24.51%, see rank	35.90%	34.63%
$500 to $699	20	3.53%, see rank	20.27%	21.16%
$700 or More	13	2.29%, see rank	18.31%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

24088 Zip Code	10.80% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	24088 Zip Code	%	Virginia	U.S.
10% or Less	246	43.39%, see rank	46.49%	40.19%
10% to 20%	230	40.56%, see rank	29.97%	31.47%
20% to 30%	25	4.41%, see rank	10.53%	12.24%
30% to 40%	20	3.53%, see rank	4.67%	5.64%
40% or More	0	0.00%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	24088 Zip Code	Virginia	U.S.
Total Housing Units	2,206, 100%	3,403,241	132,741,033
1-unit, Detached	1,340, 60.74%, see rank	61.97%	61.65%
1-unit, Attached	0, 0.00%, see rank	10.88%	5.82%
2 Units	0, 0.00%, see rank	1.67%	3.75%
3 or 4 Units	0, 0.00%, see rank	2.74%	4.43%
5 to 9 Units	14, 0.63%, see rank	4.64%	4.78%
10 or More Units	42, 1.90%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	810, 36.72%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	24088 Zip Code	Virginia	U.S.
Total Housing Units	2,206, 100%	3,403,241	132,741,033
1 Room	58, 2.63%, see rank	1.33%	1.95%
2 Rooms	96, 4.35%, see rank	1.73%	2.48%
3 Rooms	65, 2.95%, see rank	6.92%	9.13%
4 Rooms	436, 19.76%, see rank	14.48%	16.60%
5 Rooms	472, 21.40%, see rank	17.82%	20.41%
6 Rooms	415, 18.81%, see rank	16.80%	18.06%
7 Rooms	425, 19.27%, see rank	13.06%	12.27%
8 Rooms	114, 5.17%, see rank	10.92%	8.48%
9 Rooms or More	125, 5.67%, see rank	16.94%	10.60%
Median Rooms	5.40, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	24088 Zip Code	Virginia	U.S.
Total Housing Units	2,206, 100%	3,403,241	132,741,033
No Bedroom	58, 2.63%, see rank	1.46%	2.17%
1 Bedroom	192, 8.70%, see rank	8.47%	11.16%
2 Bedrooms	733, 33.23%, see rank	23.83%	26.69%
3 Bedrooms	965, 43.74%, see rank	39.65%	39.70%
4 Bedrooms	200, 9.07%, see rank	20.28%	16.05%
5 or More Bedrooms	58, 2.63%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	24088 Zip Code	Virginia	U.S.
Total Housing Units	1,539, 100%	3,041,710	116,211,092
Utility Gas	30, 1.95%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	130, 8.45%, see rank	4.51%	4.86%
Electricity	1,057, 68.68%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	95, 6.17%, see rank	6.01%	5.86%
Coal or Coke	18, 1.17%, see rank	0.08%	0.12%
Wood	202, 13.13%, see rank	2.76%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	7, 0.45%, see rank	0.29%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	24088 Zip Code	Virginia	U.S.
Occupied Units Paying Rent	267, 100%	957,686	39,201,928
$199 or Less	42, 15.73%, see rank	1.61%	1.50%
$200 to $299	0, 0.00%, see rank	2.46%	3.18%
$300 to $499	41, 15.36%, see rank	5.54%	7.37%
$500 to $699	71, 26.59%, see rank	10.39%	16.01%
$700 to $999	106, 39.70%, see rank	22.57%	29.17%
$1,000 to $1,499	7, 2.62%, see rank	30.50%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	15.76%	9.79%
$2,000 or More	0, 0.00%, see rank	11.16%	6.10%
Median	$636, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	24088 Zip Code	Virginia	U.S.
Occupied Housing Units	1,539, 100%	3,041,710	116,211,092
No Vehicles Available	99, 6.43%, see rank	6.38%	9.12%
1 Vehicles Available	398, 25.86%, see rank	30.54%	33.80%
2 Vehicles Available	526, 34.18%, see rank	38.24%	37.48%
3 or More Vehicles Available	516, 33.53%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.