Bedford County · Virginia
ZIP code 24503
- Population
- 19,978
- Median income
- $92,025
- Median home
- $320,500
- Sales tax
- 4.3%
ZCTA residents
Household, past 12 months
Owner-occupied value
Virginia state rate
Quick answer
ZIP 24503 sits in Bedford County, Virginia and is home to 19,978 people. Median household income is $92,025, the median home is worth $320,500 and median gross rent is $972. 74.9% of households own their home, and purchases are taxed at 4.3% (Virginia state rate).
- County
- Bedford County
- State
- Virginia (VA)
- Area codes
- Not published
- Metro area
- Outside covered metros
FIPS 51019
903 ZIPs covered
No NANPA match for this ZIP
Rate jurisdiction used for tax
The numbers for 24503
American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.
- Population
- 19,978ZIP 24503 residents
- Median household income
- $92,025Past 12 months, inflation adjusted
- Median home value
- $320,500Owner-occupied units
- Median gross rent
- $972Rent plus utilities, monthly
- Median age
- 43.1 yrsAll residents
- Homeownership rate
- 74.9%Owner-occupied households
Sales tax in 24503
What a purchase inside this ZIP costs at checkout.
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.
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 24503 compares
ZIP 24503 against the median ZIP in Bedford County and across Virginia.
| Measure | ZIP 24503 | County median | State median | vs state |
|---|---|---|---|---|
| Median household income | $92,025 | $78,295 | $72,517 | +27% |
| Median home value | $320,500 | $246,300 | $255,900 | +25% |
| Median gross rent | $972 | $935 | $1,108 | -12% |
| Population | 19,978 | 3,216 | 2,686 | +644% |
Medians are computed across the 14 ZIP areas in Bedford County and the 903 ZIP areas in Virginia.
Statewide rank
Where this ZIP places among all 903 Virginia ZIP areas.
- Income
- #249
- Home value
- #293
- Population
- #156
richer than 69% of 801 state ZIPs
above 63% of 791 state ZIPs
larger than 83% of 903 state ZIPs
Comparable ZIP codes
Virginia ZIP areas with almost the same household income.
Nearby ZIP codes
Other ZIP codes filed under Bedford County.
ZIP 24503 questions
Common questions about this ZIP code.
- Where is ZIP code 24503?
- ZIP 24503 lies mostly in Bedford 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 24503?
- Virginia charges 4.3% statewide, plus any county, city or district rate that applies locally.
- Is 24503 expensive to live in?
- Median rent runs $972 a month, about 13% of median household income, and the median home is worth $320,500 — +25% 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.
Keep going
Related pages for this area.
Sources & transparency
- US Census Bureau, ACS 2019-2023 5-year estimates — 2019-2023 ACS 5-year — population, income, housing
- Census 2020 ZCTA-to-county relationship file — County assignment by largest land-area overlap
- Virginia Department of Taxation — Sales tax rates and local add-ons
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.