| ZIP Code | 24523 |
|---|---|
| City | Bedford |
| State | Virginia (VA) |
| County | Bedford County |
| Area Code | 540/826 |
| Elevation | 998 ft |
| Latitude | 37.336882 |
|---|---|
| Longitude | -79.525726 |
| Timezone | New York (DST) |
| FIPS | 51019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.4 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.45 |
| Below Poverty | 10.9% ▲ 9% above avg |
| College Grads | 33.3% ▼ 14% below avg |
| Unemployment | 3.5% ▼ 29% below avg |
| No HS Diploma | 230 (1.6%) |
| HS Graduate | 5,027 (34.9%) |
| Some College | 2,255 (15.7%) |
| Associates | 2,098 (14.6%) |
| Bachelors | 1,133 (7.9%) |
| Graduate Degree | 3,661 (25.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,074 ▼ 8% below avg ↑ 36% since 2019 |
|---|---|
| Median Home Value | $227,600 ▼ 18% below avg ↑ 34% since 2019 |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $839/mo ↑ 6% since 2019 |
| Total Units | 9,729 |
| Vacant Units | 1,152 |
| Avg HH Size | 2.45 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 9,729 |
|---|---|
| Vacant | 1,152 |
| Owner Occupied | 78.1% |
| Renter Occupied | 21.9% |
| Avg HH Size | 2.45 |
ZIP code 24523 is located in Bedford, Virginia, within Bedford County. With a population of 21,447, this is a moderately populated ZIP code with a mature community — the median age is 45.4 years. Economically, 24523 is a solidly middle-class ZIP code: the median household income of $70,074 is near the national average.
Real estate in ZIP code 24523 represents an affordable housing market. The median home value of $227,600 is below the national average. Renters can expect to pay around $839 per month in median rent. Homeownership is strong here — 78.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 34% since 2019.
The population of 24523 is primarily White (82.17%). Residents are moderately educated — 33.3% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.9%. Household income has grown by 36% since 2019.
The unemployment rate in 24523 stands at 3.5%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 78%.
Overall, ZIP code 24523 in Bedford, VA is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 21,447 residents, a median household income of $70,074, and a median home value of $227,600, it offers a clear picture of life in this part of Virginia.