24088 ZIP Code – Ferrum, Virginia

24088 is a small ZIP code in Ferrum, Virginia, part of Franklin County with a population of approximately 4,983 residents. Residents earn a median household income of $34,188, which is well below the Virginia average and well below the national figure. The median home value of $121,600 is well below the national average, with 77.9% owner-occupied housing (decreasing). , and the median rent of $644 is well below the national average. Housing consists of 61% single-family (decreasing).

At 3.6%, the unemployment rate is below the national figure. About 19.0% of residents live below the poverty line, above the national rate. About 18.0% of residents have completed a four-year degree, below the national rate. At 36.9, the median age is near the national figure. ZIP codes in the surrounding area include 24102, 24067, 24055.

ZIP Code 24088 Data

Population 4,983
Median Household Income $34,188
Median Home Value $121,600
Median Rent $644
Median Age 36.9
Unemployment Rate 3.6%
Poverty Rate 19.0%
Bachelor's Degree or Higher 18.0%
State Virginia

ZIP 24088 vs. Virginia vs. U.S.

MetricZIP 24088VA Avg.U.S. Avg.
Population4,9839,76610k
Median Household Income$34k$80k$73k
Median Home Value$121k$296k$258k
Median Rent$644$1,227$1,088
Median Age36.944.543.2
Unemployment Rate3.6%4.3%5.0%
Poverty Rate19.0%11.6%13.3%
Bachelor's Degree or Higher18.0%29.9%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
24102 HENRY 1,491 $56,625
24067 CALLAWAY 2,212 $49,861
24055 BASSETT 11,647 $36,210
24079 COPPER HILL 1,911 $77,898
24185 WOOLWINE 678 $71,012