24605, Bluefield, VA

The 24605 zip code of Bluefield, VA is located in the Appalachian region of West Virginia. The median home value in this zip code is $128,000, which is lower than the national median home value of $177,500. The percentage of homes in this zip code that are owned by their occupants is lower than the national percentage of homeownership at 63%. The percentage of homes in this zip code that are vacant is also higher than the national percentage of vacant homes at 5%.

The average household income in this zip code is lower than the national average household income at $39,500. The unemployment rate in this zip code is also higher than the national unemployment rate at 10%. However, despite these challenges, there are a number of positive indicators about the economy and housing market conditions in this area. For example, there are more jobs available in Bluefield than there were a decade ago and wages have increased modestly over that time period. Additionally, while vacancy rates remain high relative to other areas across the country, they have been trending downward for several years now and may be reaching a more sustainable level.

Overall, while there are some challenges facing homeownership and economic growth within 24605 ZIP Code area, it appears that many residents are coping with difficult circumstances by working hard and trying to make ends meet. This suggests that while there may be some areas where improvement could be made – such as increasing access to affordable housing – overall conditions appear to be stable or improving modestly within this particular community.