| ZIP Code | 24348 |
|---|---|
| City | Independence |
| State | Virginia (VA) |
| County | Grayson County |
| Area Code | 276 |
| Elevation | 3,169 ft |
| Latitude | 36.652229 |
|---|---|
| Longitude | -81.215324 |
| Timezone | New York (DST) |
| FIPS | 51077 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.0 yrs ↑ 7% since 2019 |
|---|---|
| Avg Household Size | 2.36 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 26.4% ▼ 32% below avg |
| Unemployment | 3.6% ▼ 27% below avg |
| No HS Diploma | 38 (1.2%) |
| HS Graduate | 1,247 (37.9%) |
| Some College | 719 (21.8%) |
| Associates | 422 (12.8%) |
| Bachelors | 365 (11.1%) |
| Graduate Degree | 503 (15.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,408 ▼ 44% below avg ↑ 14% since 2019 |
|---|---|
| Median Home Value | $146,200 ▼ 48% below avg ↑ 35% since 2019 |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $621/mo ↑ 32% since 2019 |
| Total Units | 2,414 |
| Vacant Units | 659 |
| Avg HH Size | 2.36 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,414 |
|---|---|
| Vacant | 659 |
| Owner Occupied | 71.1% |
| Renter Occupied | 29.0% |
| Avg HH Size | 2.36 |
ZIP code 24348 is located in Independence, Virginia, within Grayson County. With a population of 5,095, this is a lightly populated ZIP code with a mature community — the median age is 47 years. Economically, 24348 is a working-class ZIP code: the median household income of $42,408 is below the national average.
Real estate in ZIP code 24348 represents one of the more affordable housing markets in the country. The median home value of $146,200 is below the national average. Renters can expect to pay around $621 per month in median rent. Homeownership is strong here — 71.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 35% since 2019.
The population of 24348 is primarily White (79.63%). Residents are moderately educated — 26.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 16.1%. Household income has grown by 14% since 2019.
The unemployment rate in 24348 stands at 3.6%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 82%.
Overall, ZIP code 24348 in Independence, VA is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 5,095 residents, a median household income of $42,408, and a median home value of $146,200, it offers a clear picture of life in this part of Virginia.