Virginia

Henry County

ZIP 24054

50,365 residents39 permits TTM$48,445 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$120,300

ACS 5-Year

Cap rate proxy

7.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.5%

HUD FMR ÷ ACS HHI

Net migration

+1.17%

IRS SOI

Permits (TTM)

39

Census BPS

Climate risk

63.6

FEMA NRI (0–100)

ZIP 24054

Median home value

Gross yield

Cap rate

6.9%

Rent gap

Affordability

P/I: 2.5R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
240897.7%
241687.0%
241128.4%
240546.9%
240556.5%

Ranked by composite score

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Demographics

Owner-occupied

76.1%

Census ACS

Vacancy rate

19.4%

Census ACS

Bachelor's degree +

15.7%

Census ACS

Rent burdened

39.1%

Census ACS (>30% income)

Median age

47.9

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