Blacksburg-Christiansburg, VA · Virginia

Montgomery County

ZIP 24061

99,159 residents378 permits TTM$70,769 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$283,600

ACS 5-Year

Cap rate proxy

5.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.4%

HUD FMR ÷ ACS HHI

Net migration

+0.92%

IRS SOI

Permits (TTM)

378

Census BPS

Climate risk

47.5

FEMA NRI (0–100)

ZIP 24061

Median home value

Gross yield

Buy Box score

Section 8 gap

Affordability

P/I: R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
240730.6
241620.6
240870.6
241380.5
241490.3
240600.2
24061

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Demographics

Owner-occupied

54.7%

Census ACS

Vacancy rate

13.0%

Census ACS

Bachelor's degree +

48.4%

Census ACS

Rent burdened

43.1%

Census ACS (>30% income)

Median age

30.2

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026