Interested in purchasing investment houses in the 24016 zip code in Roanoke, VA?
The zip code 24016 is in City of Roanoke county with a latitude of -79.954110000000 and longitude of 37.272940000000, is in the state of Virginia. The average asking price of houses and condos is $127,321.00 and the average sale price was $53,750.00. this regions is classified as the Roanoke metro area and is in the 540 area code. The location in degrees is 37° 16' 22.584" N, 79° 57' 14.796" W. The county F.I.P.S. is 51770. The total land area is 3.2 square miles and the water area is 0.0 square miles. The elevation in this area is 991 - 1020 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 24016 is in county number 000 and is L. Sector 49, L. Segment 24, H. Sector 24, and H. Segment 24. The population was 8,854 in 2019 and 9,047 in 2010. This further breaks down to 4,716 males (53.3%) and 4,137 females (46.7%). The median age of residents is 32.8 years. The population of the greater Roanoke, VA area is 303,429. The population density (people per square mile) is 2,727. This zip code has a combined total of 5,288 houses and condos. There are 3,162 rented appartments. 75% of residents rent versus the 75% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $29,191 and the average salary is $26,901. The median household income of individuals is $22,570.00 and the average is $35,740.00. This zip code has a mean commute time to work of 21.0 minutes. The unemployment rate is 4.5%. Income earners by percent breakdown as 81.50% (Under $50,000), 14.20% ($50,000-$100,000), and 4.40% earn over $100,000. 39.7% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 87.5. The educational breakdown is 82.6% have a high school education or higher, 23.2% have a bachelor's degree or higher, and 10.6% have some kind of profesional degree.
This area has 3,942 households and the average size is 1.9 people. Individuals who are single and have never been married are 50.4%, 22.5% are now married, 4.0% are separated, 5.7% are widowed, and 17.4% are divorced. The average yearly contribution amount given by people to charity was $3,429 versus the state average of $4,443. The percent of residents who gave to charity was 9.0%.
The estimated median value of houses and condos is $133,906. The median monthly owner costs of mortgage holders was $1,131, where as the costs for those who don't have a mortgage are $419. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 3.7.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $1,039. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $1,048. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $1,019. Reported taxable interest for persons was $808, dividends $4,508, capital gains +$1,535, and itemized deductions $17,727. The average earned income tax credit is $2,178. The percent of individuals that use a tax preparer is 41.0%. The total average income taxes paid by individuals was $5,502. Businesses reported an average profit of $7,903.
Frankie Rowland's Steakhouse
104 N Jefferson St, Roanoke, VA 24016
The Regency Room
110 Shenandoah Ave NE, Roanoke, VA 24016
Backstreet Cafe
356 Salem Ave SW, Roanoke, VA 24016
Wasabi's
214 Market St SE, Roanoke, VA 24011 (0.6 miles away)
Chris's Coffee & Custard
1824 9th St SE Ste B, Roanoke, VA 24013 (1.6 miles away)
Rockfish Food & Wine
1402 Grandin Rd SW Ste 101, Roanoke, VA 24015 (1.7 miles away)
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