Housing Insights for ZIP Code 24360 (Max Meadows, VA)

Housing Summary for ZIP Code 24360

Homeowners

The median home value in ZIP Code 24360 (Max Meadows, VA) is $107,000. Approximately 90.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 4.2%.

The average occupancy of owner-occupied units in ZIP Code 24360 is 2.54 occupants, while owner-occupied units have an aggregate average size of 2.86 bedrooms per housing unit.

Renters

In the 24360 ZIP Code, an estimated 9.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.65 occupants, while renters in this Wythe County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 24360

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 24360.

ZIP 24360 Virginia U.S.
Median Home Value $107,000 $402,453 $365,011
Owner-Occupied Housing Units 90.2% 66.3% 64.0%
Homeowner Vacancy Rate 4.2% 1.5% 1.6%
Average Size of Owner-Occupied Unit 2.54 2.67 2.70
Average # of Bedrooms Per Unit 2.86 2.97 2.75
Median Housing Rent $0 $1,234 $1,062
Renter-Occupied Housing Units 9.8% 33.7% 36.0%
Rental Vacancy Rate 0.0% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.65 2.48 2.49
Percent of Income Spent on Rent 0% 29.45% 29.83%

Home Values in ZIP Code 24360 (Max Meadows, VA)

The median home value in ZIP Code 24360 is $107,000. That median value is about 61% lower than the median home value of $273,100 in Virginia overall, and is 51% lower than the $217,500 the median home value in the entire U.S. An estimated 30.4% of homes in ZIP Code 24360 are valued $50,000 to $99,999. That is 354% higher than in the stat of Virginia, in which 6.7% of homes are valued at $50,000 to $99,999, and is about 153% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 24360 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 24360

This chart visualizes the breakdown of home values in ZIP Code 24360, Virginia, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 24360 vs. home values in both the state of Virginia and in the U.S. overall.

Home Values in ZIP Code 24360

See the table below for a regional comparison of home values in ZIP Code 24360.

Home Value ZIP 24360 Virginia U.S.
Less than $50,000 15.4% 4.3% 6.9%
$50,000 to $99,999 30.4% 6.7% 12.0%
$100,000 to $149,999 20.2% 9.7% 13.3%
$150,000 to $199,999 12.6% 13.0% 14.0%
$200,000 to $299,999 17.4% 21.7% 19.6%
$300,000 to $499,999 4.0% 24.6% 19.3%
$500,000 to $999,999 0.0% 17.1% 11.4%
$1,000,000 or more 0.0% 2.9% 3.4%

Home Ages in ZIP Code 24360 (Max Meadows, VA)

Approximately 24.0% of homes in this Max Meadows, VA region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 24360 is about 52% higher than percentage of homes built in this time period in Virginia overall (15.8% of homes), and is 73% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 17.3% of local homes were built in 2000 to 2009. On the other end of the scale, just 1.2% of homes in this Wythe County ZIP Code were built in 2014 or later in ZIP Code 24360. In comparison, 2.6% of homes in Virginia overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 24360

A detailed regional comparison of home ages in ZIP Code 24360.

Year Built ZIP 24360 Virginia U.S.
2014 or later 1.2% 2.6% 2.5%
2010 to 2013 3.6% 3.2% 2.7%
2000 to 2009 17.3% 15.2% 14.0%
1990 to 1999 24.0% 15.8% 13.9%
1980 to 1989 11.2% 16.4% 13.4%
1970 to 1979 11.2% 15.7% 15.2%
1960 to 1969 8.2% 10.6% 10.6%
1950 to 1959 3.6% 8.8% 10.3%
1940 to 1949 12.7% 4.4% 4.9%
1939 or earlier 7.1% 7.4% 12.6%

Age of Homes in ZIP Code 24360

See the chart below for details on the age of homes in ZIP Code 24360, Virginia, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 24360

Frequently asked questions about housing in this Max Meadows, VA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 24360.

1

What is the average home value ZIP Code 24360?

The median home value in ZIP Code 24360 (Max Meadows, VA) is $107,000.
2

Are homes expensive in ZIP Code 24360?

The median home value in 24360 ($107,000) is an estimated 61% lower than the aggregate median value of $273,100 in Virginia, and is 51% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 24360?

The vacacy rate for owner-occupied housing in ZIP Code 24360 is 4.2%. This rate is 180% higher than the overall Virginia owner-occupied vacancy rate of 1.5%. Additionally, the 24360 vacancy rate is 163% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 24360 have older homes or newer construction?

In ZIP Code 24360, about 24.0% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 17.3% of homes in the region were built in 2000 to 2009. In contrast, 1.2% of homes in 24360 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 24360? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 24360 than renter-occupied housing. Owner-occupied units make up 90.2% of housing, compared to 9.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 24360?

The vacacy rate for rental units in ZIP Code 24360 is 0.0%. This rate is 100% lower than the overall Virginia vacancy rate of 5.4%. Additionally, the 24360 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.