| ZIP Code | 24137 |
|---|---|
| City | Penhook |
| State | Virginia (VA) |
| County | Franklin County |
| Area Code | 540/826 |
| Elevation | 889 ft |
| Latitude | 36.927552 |
|---|---|
| Longitude | -79.657504 |
| Timezone | New York (DST) |
| FIPS | 51067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 59.4 yrs |
|---|---|
| Avg Household Size | 2.15 |
| Below Poverty | 4.5% ▼ 55% below avg |
| College Grads | 32.9% ▼ 15% below avg |
| Unemployment | 0.5% ▼ 90% below avg |
| HS Graduate | 681 (35%) |
| Some College | 275 (14.1%) |
| Associates | 351 (18%) |
| Bachelors | 205 (10.5%) |
| Graduate Degree | 436 (22.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,250 ▼ 13% below avg ↑ 16% since 2019 |
|---|---|
| Median Home Value | $197,500 ▼ 29% below avg ↓ 23% since 2019 |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $936/mo ↑ 27% since 2019 |
| Total Units | 2,208 |
| Vacant Units | 952 |
| Avg HH Size | 2.15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,208 |
|---|---|
| Vacant | 952 |
| Owner Occupied | 88.7% |
| Renter Occupied | 11.3% |
| Avg HH Size | 2.15 |
ZIP code 24137 is located in Penhook, Virginia, within Franklin County. With a population of 2,695, this is a sparsely populated ZIP code with an older community — the median age is 59.4 years. Economically, 24137 is a solidly middle-class ZIP code: the median household income of $66,250 is near the national average.
Real estate in ZIP code 24137 represents an affordable housing market. The median home value of $197,500 is below the national average. Renters can expect to pay around $936 per month in median rent. Homeownership is strong here — 88.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 23% since 2019.
The population of 24137 is primarily White (89.35%). Residents are moderately educated — 32.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 4.5%. Household income has grown by 16% since 2019.
The unemployment rate in 24137 stands at 0.5%, which is well below the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 71%.
Overall, ZIP code 24137 in Penhook, VA is characterized as solidly middle-class, moderately educated, an older community, and predominantly owner-occupied. With 2,695 residents, a median household income of $66,250, and a median home value of $197,500, it offers a clear picture of life in this part of Virginia.