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Highland County · Virginia

ZIP code 24487

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 24487 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
543

ZCTA residents

Median income
$80,625

Household, past 12 months

Median home
$324,600

Owner-occupied value

Sales tax
4.3%

Virginia state rate

Quick answer

ZIP 24487 sits in Highland County, Virginia and is home to 543 people. Median household income is $80,625, the median home is worth $324,600 and median gross rent is —. 71.1% of households own their home, and purchases are taxed at 4.3% (Virginia state rate).

County
Highland County

FIPS 51091

State
Virginia (VA)

903 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 24487

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
543ZIP 24487 residents
Median household income
$80,625Past 12 months, inflation adjusted
Median home value
$324,600Owner-occupied units
Median gross rent
—Rent plus utilities, monthly
Median age
47.8 yrsAll residents
Homeownership rate
71.1%Owner-occupied households

ZIP 24487 in context

How this area compares with national benchmarks.

ZIP 24487 is a very small community in Highland County, Virginia, with 543 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #735 of 903 ranked by population — larger than 18% of them. The median age here is 47.8 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in ZIP 24487 earn a median of $80,625 a year, 2.7% above the national figure of $78,538. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 4.1% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in ZIP 24487 is valued at $324,600, 7% above the national figure, while median gross rent runs not published a month. The home-price-to-income ratio works out to 4×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 71.1% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

With 543 residents, a handful of survey responses moves every median on this page. Compare ZIP 24487 against its county rather than against national figures.

The Census withheld gross rent for ZIP 24487 because the sample was too thin to publish at this geography. Those values were suppressed at the source, not lost in our dataset, and we do not model a replacement. Everything else on this page comes straight from the ACS 2019-2023 ACS 5-year tables.

Reading ZIP 24487 in context

How 24487 sits inside Highland County and Virginia.

ZIP 24487 is tabulated inside Highland County, Virginia, one of 6 ZIP areas the Census publishes for that county and 903 across Virginia. Fewer than 2,500 people are counted here, so the ZIP behaves like a village delivery route rather than a neighbourhood. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 24487 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 24487 reports a median household income of $80,625, 18% above the $68,063 county median, and 11% above the $72,517 typical VA ZIP. Owner-occupied homes are valued at a median of $324,600, 55% above the county figure and 27% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at not published a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Virginia charges 4.3% statewide, and local governments overlapping 24487 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 24487 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 24487

What a purchase inside this ZIP costs at checkout.

Rate applied
4.3%State base rate only
Tax on $100
$4Rounded to the dollar
Tax on $1,000
$43Before any exemptions

Virginia levies 4.3% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
—Median rent ÷ median income
Price-to-income
4.0×Home value ÷ household income
Est. mortgage
$1,684/mo20% down, 30-yr at 6.75%
Poverty rate
4.1%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 24487 compares

ZIP 24487 against the median ZIP in Highland County and across Virginia.

MeasureZIP 24487County medianState medianvs state
Median household income$80,625$68,063$72,517+11%
Median home value$324,600$209,300$255,900+27%
Median gross rent—$863$1,108—
Population5432982,686-80%

Medians are computed across the 6 ZIP areas in Highland County and the 903 ZIP areas in Virginia.

Statewide rank

Where this ZIP places among all 903 Virginia ZIP areas.

Income

richer than 58% of 801 state ZIPs

#337
Home value

above 64% of 791 state ZIPs

#283
Population

larger than 19% of 903 state ZIPs

#735

Comparable ZIP codes

Virginia ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
22952Augusta County$80,625$236,600$950
23023King and Queen County$80,521$285,000—
23850Dinwiddie County$80,809$260,100—
23035Mathews County$80,339$433,600$828
22578Lancaster County$80,938$482,700$1,096
24441Augusta County$80,288$250,400$986

Nearby ZIP codes

Other ZIP codes filed under Highland County.

Adjacent ZIP Codes

Other ZIP codes in Highland County, Virginia.

ZIP 24487 questions

Common questions about this ZIP code.

Where is ZIP code 24487?
ZIP 24487 lies mostly in Highland County, Virginia. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 24487?
Virginia charges 4.3% statewide, plus any county, city or district rate that applies locally.
Is 24487 expensive to live in?
Median rent runs — a month, and the median home is worth $324,600 — +27% against the typical Virginia ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 24487, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.