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ZIP Code 24087

Learn about the people, housing, costs and businesses in 24087

Median Home$309,716
Median Rent$1,384/month
Population5,986
Leading IndustriesEducation · Public Administration3% education
Home Value Growth⬆⬆+12.5% over 2 years
Young Adults25% of residents
Homeowners79% of occupied units
ZIP Code
24087

Frequently Asked Questions

What are today's mortgage rates in ZIP code 24087?

As of today, the 30-year fixed mortgage rate for ZIP code 24087 is approximately 6.854% (6.889% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 24087
What is the median home price in ZIP code 24087?

The median home value in ZIP code 24087 is $310k. The median monthly rent is $1,384. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 24087?

Home values in ZIP code 24087 have increased 12.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 24087?

Based on a typical all-in ownership cost of $1,053/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 24087 is $82k/year.

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What industries drive the economy in ZIP code 24087?

The largest employment sectors in ZIP code 24087 are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.