| ZIP Code | 24631 |
|---|---|
| City | Oakwood |
| State | Virginia (VA) |
| County | Buchanan County |
| Area Code | 276 |
| Elevation | 2,312 ft |
| Latitude | 37.221713 |
|---|---|
| Longitude | -82.001735 |
| Timezone | New York (DST) |
| FIPS | 51027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.7 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.63 |
| Below Poverty | 8.7% ▼ 13% below avg |
| College Grads | 15.3% ▼ 60% below avg |
| Unemployment | 5.8% ▲ 18% above avg |
| No HS Diploma | 17 (1.2%) |
| HS Graduate | 422 (30.4%) |
| Some College | 452 (32.5%) |
| Associates | 286 (20.6%) |
| Bachelors | 97 (7%) |
| Graduate Degree | 116 (8.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $45,109 ▼ 41% below avg ↑ 39% since 2019 |
|---|---|
| Median Home Value | $62,300 ▼ 78% below avg ↓ 10% since 2019 |
| Home/Income Ratio | 1.4x (nat avg ~3.5x) |
| Median Rent | $814/mo ↑ 24% since 2019 |
| Total Units | 766 |
| Vacant Units | 276 |
| Avg HH Size | 2.63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 766 |
|---|---|
| Vacant | 276 |
| Owner Occupied | 65.5% |
| Renter Occupied | 34.5% |
| Avg HH Size | 2.63 |
ZIP code 24631 is located in Oakwood, Virginia, within Buchanan County. With a population of 2,076, this is a sparsely populated ZIP code with a middle-aged community — the median age is 41.7 years. Economically, 24631 is a working-class ZIP code: the median household income of $45,109 is below the national average.
Real estate in ZIP code 24631 represents one of the more affordable housing markets in the country. The median home value of $62,300 is well below the national average. Renters can expect to pay around $814 per month in median rent. Homeownership is strong here — 65.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 10% since 2019.
The population of 24631 is primarily White (72.50%). Residents are less-educated — 15.3% hold a bachelor's degree or higher, which is well below the national average. Poverty affects a relatively small share of residents at 8.7%. Household income has grown by 39% since 2019.
The unemployment rate in 24631 stands at 5.8%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 24631 in Oakwood, VA is characterized as working-class, less-educated, a middle-aged community, and predominantly owner-occupied. With 2,076 residents, a median household income of $45,109, and a median home value of $62,300, it offers a clear picture of life in this part of Virginia.