| ZIP Code | 24551 |
|---|---|
| City | Forest |
| State | Virginia (VA) |
| County | Bedford County |
| Area Code | 540/826 |
| Elevation | 795 ft |
| Latitude | 37.370068 |
|---|---|
| Longitude | -79.331364 |
| Timezone | New York (DST) |
| FIPS | 51019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.61 |
| Below Poverty | 6.7% ▼ 33% below avg |
| College Grads | 55.4% ▲ 43% above avg |
| Unemployment | 2.9% ▼ 41% below avg |
| No HS Diploma | 201 (1.1%) |
| HS Graduate | 3,356 (18.4%) |
| Some College | 1,639 (9%) |
| Associates | 2,931 (16.1%) |
| Bachelors | 1,568 (8.6%) |
| Graduate Degree | 8,545 (46.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $91,119 ▲ 19% above avg ↑ 11% since 2019 |
|---|---|
| Median Home Value | $345,600 ▲ 24% above avg ↑ 35% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,087/mo ↑ 15% since 2019 |
| Total Units | 10,844 |
| Vacant Units | 290 |
| Avg HH Size | 2.61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 10,844 |
|---|---|
| Vacant | 290 |
| Owner Occupied | 81.6% |
| Renter Occupied | 18.4% |
| Avg HH Size | 2.61 |
ZIP code 24551 is located in Forest, Virginia, within Bedford County. With a population of 27,606, this is a moderately populated ZIP code with a middle-aged community — the median age is 42 years. Economically, 24551 is a middle-income ZIP code: the median household income of $91,119 is above the national average.
Real estate in ZIP code 24551 represents a mid-range housing market. The median home value of $345,600 is above the national average. Renters can expect to pay around $1,087 per month in median rent. Homeownership is strong here — 81.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 35% since 2019.
The population of 24551 is primarily White (80.97%). Residents are well-educated — 55.4% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 6.7%. Household income has grown by 11% since 2019.
The unemployment rate in 24551 stands at 2.9%, which is 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 79%.
Overall, ZIP code 24551 in Forest, VA is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 27,606 residents, a median household income of $91,119, and a median home value of $345,600, it offers a clear picture of life in this part of Virginia.