ZIP Code 24060: Population, Income, Housing

State: VA
Total population: 48,541 Household income: $67,675 Rent: $1,314

Overview

Total population
48,541
Rent
$1,314
Year built
1986
Household income
$67,675
Per capita income
$42,914
Poverty rate
33.6%
Unemployment rate
N/A
Household size
2.5 persons
Rent over 30% of income
48%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Virginia
County
Montgomery County
City
Blacksburg
Total population
48,541
Adults over 25
26,146
Total households
19,143
Household size
2.5 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$67,675
Per capita income
$42,914
Poverty rate
33.6%
Unemployment rate
N/A
Rent over 30% of income
48%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,314
Year built
1986
Households that rent
56.6%
Households that own
43.4%
Rooms per home (all homes)
5.1

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
81.2%
Black
2.8%
Asian
8.7%
Two or more races
5.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
3.9%
Not Hispanic or Latino
96.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
18,793 (83.7%)
Commute time to work
17 mins
Work from home
3,669 (16.3%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
15.2%
High school graduate or GED
15.6%
Some college or associate degree
5.2%
Bachelor’s degree or higher
64%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 24060 with: Montgomery County, VA Virginia United States

ZIP 24060

Total population48,541
Rent$1,314
Year built1986
Household income$67,675
Per capita income$42,914
Poverty rate33.6%
Unemployment rateN/A

Montgomery County, VA

Total population99,101
Rent$1,240
Year built1986
Household income$72,715
Per capita income$38,426
Poverty rate23.9%
Unemployment rate2.5%

Virginia State

Total population8,705,170
Rent$1,579
Year built1984
Household income$93,170
Per capita income$50,666
Poverty rate9.9%
Unemployment rate2.8%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP24060 CountyMontgomery, VAStateVirginiaCountryUnited States
Total population48,54199,1018,705,170334,922,499
Rent$1,314$1,240$1,579$1,413
Year built1986198619841980
Household income$67,675$72,715$93,170$80,734
Per capita income$42,914$38,426$50,666$44,673
Poverty rate33.6%23.9%9.9%12.5%
Unemployment rateN/A2.5%2.8%4%

View the full multi-level comparison →

 

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Summary for 24060

Rent & Income

In 24060, the typical monthly rent is $1,314 and the typical household income is $67,675. Rent here is lower than Virginia, and household income is lower than Virginia. The estimated poverty rate is 33.6%.

Housing & Affordability

Renters make up about 56.6% of households, making this a predominantly renter area. About 48% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is very high, with about 64% of adults holding a bachelor’s degree or higher.

 

ZIP 24060 — Rent vs Household Income

 

 

ZIP 24060 — Poverty

 

 

How ZIP 24060 compares in Virginia (101 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,314 18 / 101 from lower rent $790 – $3,501
Household income $67,675 87 / 101 from higher income $47,924 – $250,001
Poverty rate 33.6% 100 / 101 from lower poverty 2% – 33.6%

Rankings are calculated among ZIP Codes in Virginia with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 24060

Rent

When it comes to rent, ZIP Code 24060 ranks 18th out of 101 ZIP Codes in Virginia. Statewide, values range from $790 in ZIP 24112 up to $3,501 in ZIP 22101.

Household income

Income-wise, this area is placed 87th out of 101 ZIP Codes. Across Virginia, figures vary from $47,924 in ZIP 24540 up to $250,001 in ZIP 22101.

Poverty rate

When it comes to poverty, ZIP Code 24060 places 100th out of 101 ZIP Codes. Throughout Virginia, numbers span from 2% in ZIP 20105 up to 33.6% in ZIP 24060.

 

💰 Rent in ZIP Code 24060 (with Utilities)

Estimated Monthly Rent: $1,314 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 24060

Annual Household Income: $67,675

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 24060

Estimated Rate: 33.6%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 24060

In ZIP Code 24060, households that rent: 10,829 (56.6%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 10,829 56.6%
Owner-Occupied 8,314 43.4%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 24060

In ZIP Code 24060, cost-burdened renters (households spending over 30% of income on housing): 5,195 (48%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 5,195 48%
Other renter households 5,634 52%
Total renter households 10,829 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 24060

Less than High School: 3,965 people (15.2%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,090 people (15.6%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 1,350 people (5.2%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 16,741 people (64%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 26,146

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.