ZIP Code 24540: Population, Income, Housing

State: VA

Total population: 31,013 Household income: $47,924 Rent: $817

Overview

Total population

31,013

Rent

$817

Year built

1972

Household income

$47,924

Per capita income

$28,943

Poverty rate

19.3%

Unemployment rate

N/A

Household size

2.2 persons

Rent over 30% of income

44.7%

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

Pittsylvania County

City

Danville

Total population

31,013

Adults over 25

22,492

Total households

13,812

Household size

2.2 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).

Income & Poverty

Household income

$47,924

Per capita income

$28,943

Poverty rate

19.3%

Unemployment rate

N/A

Rent over 30% of income

44.7%

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).

Housing

Rent

$817

Year built

1972

Households that rent

40.4%

Households that own

59.6%

Rooms per home (all homes)

5.0

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).

Race

White

49.9%

Black

42.8%

Asian

1.1%

Two or more races

5.3%

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).

Ethnicity

Hispanic or Latino

3.6%

Not Hispanic or Latino

96.4%

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).

Commute

Commute rate

11,801 (91.7%)

Commute time to work

23 mins

Work from home

1,067 (8.3%)

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).

Education

Less than high school

29.2%

High school graduate or GED

41.3%

Some college or associate degree

12%

Bachelor’s degree or higher

17.5%

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).

Comparison of ZIP Code 24540 with: Pittsylvania County, VA Virginia United States

ZIP 24540

Total population31,013

Rent$817

Year built1972

Household income$47,924

Per capita income$28,943

Poverty rate19.3%

Unemployment rateN/A

Pittsylvania County, VA

Total population59,856

Rent$861

Year built1981

Household income$54,085

Per capita income$30,435

Poverty rate14.6%

Unemployment rate2.8%

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	ZIP24540	CountyPittsylvania, VA	StateVirginia	CountryUnited States
Total population	31,013	59,856	8,705,170	334,922,499
Rent	$817	$861	$1,579	$1,413
Year built	1972	1981	1984	1980
Household income	$47,924	$54,085	$93,170	$80,734
Per capita income	$28,943	$30,435	$50,666	$44,673
Poverty rate	19.3%	14.6%	9.9%	12.5%
Unemployment rate	N/A	2.8%	2.8%	4%

View the full multi-level comparison →

Summary for 24540

Rent & Income

In 24540, the typical monthly rent is $817 and the typical household income is $47,924. Rent here is lower than Virginia, and household income is lower than Virginia. The estimated poverty rate is 19.3%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 40.4% of households. About 44.7% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Only about 17.5% of adults have a bachelor’s degree or higher, indicating lower levels of formal education.

ZIP 24540 — Rent vs Household Income

ZIP 24540 — Poverty

How ZIP 24540 compares in Virginia (101 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$817	2 / 101	from lower rent	$790 – $3,501
Household income	$47,924	101 / 101	from higher income	$47,924 – $250,001
Poverty rate	19.3%	93 / 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 24540

Rent

When it comes to rent, ZIP Code 24540 ranks 2nd 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 101st 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 24540 places 93rd 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 24540 (with Utilities)

Estimated Monthly Rent: $817 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 24540

Annual Household Income: $47,924

💡 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 24540

Estimated Rate: 19.3%

💡 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 24540

In ZIP Code 24540, households that rent: 5,581 (40.4%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	5,581	40.4%
Owner-Occupied	8,231	59.6%

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 24540

In ZIP Code 24540, cost-burdened renters (households spending over 30% of income on housing): 2,494 (44.7%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	2,494	44.7%
Other renter households	3,087	55.3%
Total renter households	5,581	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 24540

Less than High School: 6,574 people (29.2%)

Includes adults who did not complete high school.

High School Graduate or GED: 9,286 people (41.3%)

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

Some College or Associate Degree: 2,690 people (12%)

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

Bachelor’s Degree or Higher: 3,942 people (17.5%)

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

👥 Total Adults (25+): 22,492

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.