24088 Zip Code

April 19, 2024

Zip Code:	24088
City/Town:	Ferrum
State:	Virginia

Population:	5,408
Per Capita Income:	$20,602
Mean Household Income:	$49,687

Total Housing Units:	1,824
Median Home Value:	$88,500
Median Year Homes Built:	1973

Land Area:	117.2 sq miles 303.6 sq kilometers
Water Area:	2.2 sq miles 5.7 sq kilometers

Population Information (24088 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

5,408

Male:

2,735

50.6%

49.2%

Female:

2,673

49.4%

50.8%

Median Age:

32.5 yrs

37.2 yrs

Under 5 years:

252

4.7%

6.5%

5 to 9 years:

264

15.1%

6.6%

10 to 19 years:

1,091

20.2%

13.8%

20 to 29 years:

992

18.3%

13.8%

30 to 39 years:

499

9.2%

13.0%

40 to 49 years:

699

12.9%

14.2%

50 to 59 years:

676

12.5%

13.6%

60 to 69 years:

532

9.8%

9.4%

70 to 79 years:

266

4.9%

5.4%

80 years and over:

137

2.5%

3.7%

Housing Information (24088 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$88,500

$119,600

Median year homes build:

1973

1971

Median real estate taxes:

$490 / yr.

$1,334 / yr.

Median rent:

$238 / mo.

$519 / mo.

Total households:

1,824

Family households:

1,222

67.0%

66.4%

Nonfamily households:

602

33.0%

33.6%

Households with individuals under 18 years:

543

29.8%

33.4%

Households with individuals 65 years and over:

469

25.7%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

2,359

Occupied housing units:

1,824

77.3%

88.6%

Vacant housing units:

535

22.7%

11.4%

For rent:

1.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.4%

Sold, not occupied:

1.0%

0.3%

For seasonal, recreational, or occasional use:

197

8.4%

3.5%

All other vacants:

236

10.0%

2.8%

Homeowner vacancy rate:

2.3%

2.4%

Rental vacancy rate:

9.1%

9.2%

Owner-occupied housing units:

1,404

Population in owner-occupied housing units:

3,413

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

420

Population in renter-occupied housing units:

975

Average household size of renter-occupied units:

2.3

2.44

Educational Attainment (24088 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

2,539

Less than 9th grade:

420

16.5%

6.2%

9th to 12th grade, no diploma:

392

15.4%

8.7%

High school graduate (includes equivalency):

810

31.9%

29.0%

Some college, no degree:

471

18.6%

20.6%

Associate degree:

110

4.3%

7.5%

Bachelor's degree:

164

6.5%

17.6%

Graduate or professional degree:

172

6.8%

10.3%

Percent high school graduate or higher:

68.0%

85.0%

Percent bachelor's degree or higher:

13.2%

27.9%

Income Information (24088 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

1,709

31.6%

50.4%

Median income:

$18,235 / yr.

$27,932 / yr.

Full-time, year-round workers:

793

14.7%

59.7%

Median income:

$28,509 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,484

27.4%

49.6%

Median income:

$12,384 / yr.

$16,327 / yr.

Full-time, year-round workers:

516

9.5%

40.3%

Median income:

$21,141 / yr.

$28,135 / yr.

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