| ZIP Code | 24016 |
|---|---|
| City | Roanoke |
| State | Virginia (VA) |
| County | Roanoke (city) County |
| Area Code | 276/540/826 |
| Elevation | 997 ft |
| Latitude | 37.272053 |
|---|---|
| Longitude | -79.954991 |
| Timezone | New York (DST) |
| FIPS | 51770 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.8 yrs |
|---|---|
| Avg Household Size | 2.01 |
| Below Poverty | 30.2% ▲ 202% above avg |
| College Grads | 37.6% ≈ Avg |
| Unemployment | 5.9% ▲ 21% above avg |
| No HS Diploma | 43 (0.7%) |
| HS Graduate | 1,798 (30.6%) |
| Some College | 899 (15.3%) |
| Associates | 933 (15.9%) |
| Bachelors | 577 (9.8%) |
| Graduate Degree | 1,633 (27.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $43,727 ▼ 43% below avg ↑ 57% since 2019 |
|---|---|
| Median Home Value | $118,800 ▼ 57% below avg ↓ 2% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $972/mo ↑ 26% since 2019 |
| Total Units | 5,602 |
| Vacant Units | 938 |
| Avg HH Size | 2.01 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,602 |
|---|---|
| Vacant | 938 |
| Owner Occupied | 18.9% |
| Renter Occupied | 81.1% |
| Avg HH Size | 2.01 |
ZIP code 24016 is located in Roanoke, Virginia, within Roanoke (city) County. With a population of 9,828, this is a lightly populated ZIP code with a relatively young community — the median age is 32.8 years. Economically, 24016 is a working-class ZIP code: the median household income of $43,727 is below the national average.
Real estate in ZIP code 24016 represents one of the more affordable housing markets in the country. The median home value of $118,800 is well below the national average. Renters can expect to pay around $972 per month in median rent. This is predominantly a renter community, with 81.1% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have decreased by 2% since 2019.
The population of 24016 is racially diverse, with Black as the largest group at 48.4%. Residents are moderately educated — 37.6% hold a bachelor's degree or higher, which is near the national average. Poverty affects a significant share of residents at 30.2%. Household income has grown by 57% since 2019.
The unemployment rate in 24016 stands at 5.9%, which is above the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 70%.
Overall, ZIP code 24016 in Roanoke, VA is characterized as working-class, moderately educated, and a relatively young community. With 9,828 residents, a median household income of $43,727, and a median home value of $118,800, it offers a clear picture of life in this part of Virginia.