24088 Zip Code Map | Maps, Demographics and Population for Ferrum, VA

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24088 is a 5-digit zip code located in Ferrum, Virginia. Ferrum is the primary city for 24088 and is located in Franklin. In the most recent US census the population of 24088 was 4805.

There are a total of 1,968 housing units in 24088, Virginia. A total of 15.65% (308) are currently vacant.

Heading	Statistic
Timezone	GMT-5
City Name	Ferrum
Housing Units	1,968
Median Home Value	$121,600
Universities	0
Law Enforcement	1 Locations
Hospitals	1

Heading	Statistic
Current Population	4,805*
Avg Income	$34,188
Occupied Houses	1,719
Vacant Houses	308
* Population taken from the last census in 2020.

Zip Code Products Showing 24088

Virginia 3-Digit Zip Code Map Showing 24088

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County Map Showing 24088, Virginia

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You can download our data and files for 24088 here for FREE. If you need any data that isn't available here please get in touch through our contact form.

Population Figures for 24088

Total Population by Age

24088 has a total population of 4,805. In the bar chart and table below, this population is split into 18 different age range segments.

Most inhabitants of 24088 are in the 15 to 19 years age bracket. As of the last census, there are 814 people in this segment.

The 85 years and over segment is the smallest age range in 24088. There are just 74 people in this category.

Age Range	Population
Under 5	152
5 to 9	133
10 to 14	199
15 to 19	814
20 to 24	763
25 to 29	145
30 to 34	169
35 to 39	178
40 to 44	192

Age Range	Population
45 to 49	257
50 to 54	309
55 to 59	532
60 to 64	322
65 to 69	334
70 to 74	167
75 to 79	105
80 to 84	138
Over 85	74

Race and Gender Population of 24088

Women make up the highest portion of people in 24088. There are 2,426 men and 2,557 women in this 5-digit zip code.

There are no people who identify as: American Indian, Asian in this 24088 zip code.

Most people in this zip code are White, with a total of 4,323 people in this category.

The chart and table below shows the population of people and which race they belong to in 24088

Gender	Population
Male	2,426
Female	2,557

Race	Population
White	4,323
Black	503
Native Hawaiian	2
Some other race	29

Real Estate Figures

Median Rent	Median House Value	Median Rooms in House	Most Common Heating Type
$109	$121,600	5.5 rooms	Electricity

Housing Types in 24088 Zip Code

Below are two charts showing the amount of occupied vs vacant homes and the amount of renter vs owner occupied houses in the 24088 zip code.

The 24088 zip code area has a homeowner vacancy rate of 18.73% and a rental vacancy rate of 44.57%. This means there are a total of 308 vacant housing units throughout the zip code area. Conversely there are 1,719 housing units that are currently occupied.

Occupied Units	Vacant Units	Owner Vacancy Rate	Rental Vacancy Rate
1,719	308	18.73%	44.57%

Owner-Occupied	Renter-Occupied
1,336	383

Property Value in 24088

Most homes in 24088 are valued Less than $50,000, with 301,010 houses in this category.

There are just 0 houses valued at Less than $50,000. As you can see in the chart and table below, this is the smallest segment in this zip code.

The affordability ratio for the 24088 zip code in Virginia is 2.1. This is calculated by dividing the median housing value by the median income and is used to show how affordable a zip code is.

An affordability ratio of 2.1 is generally considered Low (Affordable).

House Value	Units
Less than $50,000	301,010
$50,000 to $99,999	108,000
$100,000 to $149,999	300,020
$150,000 to $199,999	201,080
$200,000 to $299,999	107,040

House Value	Units
$300,000 to $499,999	103,070
$500,000 to $999,999	1,040
$1,000,000 or more	0
Median House Value	$121,600

Heating Types for Homes in 24088

There are 5 different heating types used by people in the 24088 zip code area. As you can see from the table and chart below; Utility gas, Bottled, tank, or LP gas, Electricity, Fuel oil, kerosene, etc., Wood are the most commonly used heating types in this area.

Electricity is most commonly used to heat homes in 24088. As you can see below, there are 1,157 houses that use this method.

Heating Type	Units
Utility gas	19
Bottled, tank, or LP gas	149
Electricity	1,157
Fuel oil, kerosene, etc.	141
Coal or coke	0

Heating Type	Units
Wood	253
Solar energy	0
Other fuel	0
No fuel used	0

Household Income Generated 12-months of 2022

The chart and tables below show the household income segments for households in the 24088. 10.6 of households are on the low end, earning less than $10,000 in 2022.

On the other end, 4 of households earned more than $200,000 in the same year. You will also see that the mean income of this zip code is around $57,541.

Most households in 24088 earn in the $15,000 to $24,999 range. 17% of households are in this segment.

Income Range	Percent
Less than $10,000	10.6
$10,000 to $14,999	6.8
$15,000 to $24,999	17
$25,000 to $34,999	16.6
$35,000 to $49,999	10.4
$50,000 to $74,999	7.1

Income Range	Percent
$75,000 to $99,999	16.5
$100,000 to $149,999	8.7
$150,000 to $199,999	2.3
$200,000 or more	4
Mean income	$57,541

Bedrooms, Rooms and Units in Structures in 24088

Below are three pie charts and tables showing the amount of bedrooms, total rooms and structures in houses for this zip code.

Most houses in 24088 have 5 or more bedrooms, with a total of 311 houses.

In regards to rooms in general, people in this zip code have an average of 5.5 rooms in their house. Most houses actually have 5 rooms in their house. 666 homes fit into this category.

666 homes in 24088 are in the 1-unit, detached category, which is the most common in terms of structures for this area.

The largest homes tracked, which are 20 units or more, make up 0 of the houses in this zip code. On the other end, 1,960 houses make up the smallest homes, which are 1 unit, mobile homes or boats.

Bedrooms	Units
No bedroom	311
1 bedroom	311
2 bedrooms	311
3 bedrooms	311
4 bedrooms	311
5 or more bedrooms	311

Rooms	Units
1 room	22
2 rooms	22
3 rooms	27
4 rooms	300
5 rooms	666
6 rooms	437
7 rooms	260
8 rooms	163
9 rooms or more	130
Median rooms	5.5

Units in Structure	Units
1-unit, detached	1300
1-unit, attached	0
2 units	0
3 or 4 units	45
5 to 9 units	0
10 to 19 units	22
20 or more units	0
Mobile home	0
Boat, RV, van, etc.	660

Healthcare and Hospitals

Hospitals Database

There are currently no hospital and healthcare locations in the zip code of 24088.

Universities

Universities Database