| ZIP Code | 24602 |
|---|---|
| City | Bandy |
| State | Virginia (VA) |
| County | Tazewell County |
| Area Code | 276 |
| Elevation | 1,746 ft |
| Latitude | 37.183213 |
|---|---|
| Longitude | -81.65851 |
| Timezone | New York (DST) |
| FIPS | 51185 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 59.0 yrs ↑ 44% since 2019 |
|---|---|
| Avg Household Size | 3.34 |
| Below Poverty | 9.9% ≈ Avg |
| College Grads | 12.5% ▼ 68% below avg |
| Unemployment | 7.5% ▲ 54% above avg |
| No HS Diploma | 206 (40.1%) |
| HS Graduate | 139 (27%) |
| Some College | 40 (7.8%) |
| Associates | 65 (12.6%) |
| Bachelors | 30 (5.8%) |
| Graduate Degree | 34 (6.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $45,272 ▼ 41% below avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $58,900 ▼ 79% below avg ↓ 31% since 2019 |
| Home/Income Ratio | 1.3x (nat avg ~3.5x) |
| Median Rent | $639/mo |
| Total Units | 506 |
| Vacant Units | 211 |
| Avg HH Size | 3.34 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 506 |
|---|---|
| Vacant | 211 |
| Owner Occupied | 58.3% |
| Renter Occupied | 41.7% |
| Avg HH Size | 3.34 |
ZIP code 24602 is located in Bandy, Virginia, within Tazewell County. With a population of 986, this is a sparsely populated ZIP code with an older community — the median age is 59 years. Economically, 24602 is a working-class ZIP code: the median household income of $45,272 is below the national average.
Real estate in ZIP code 24602 represents one of the more affordable housing markets in the country. The median home value of $58,900 is well below the national average. Renters can expect to pay around $639 per month in median rent. The area has a relatively balanced mix of owners (58.3%) and renters (41.7%). Median home values have decreased by 31% since 2019.
The population of 24602 is primarily White (96.55%). Residents are less-educated — 12.5% hold a bachelor's degree or higher, which is well below the national average. Poverty affects a relatively small share of residents at 9.9%. Household income has grown by 25% since 2019.
The unemployment rate in 24602 stands at 7.5%, which is significantly above the national average. About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 66%.
Overall, ZIP code 24602 in Bandy, VA is characterized as working-class, less-educated, and an older community. With 986 residents, a median household income of $45,272, and a median home value of $58,900, it offers a clear picture of life in this part of Virginia.