The story of this market
The typical home in ZIP 24088 sells for about $379,450, or $153 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $643 a month.
ZIP 24088 — Ferrum
The housing market in 24088 remains stable with moderate price appreciation and a balanced inventory level. Demand is supported by the area's proximity to major regional employers and the appeal of suburban living, though rising days on market suggest a cooling pace compared to previous years.
This ZIP is well-suited for family buyers and professionals seeking a balance between suburban living and access to the amenities of the Roanoke metro area.
Median prices moved up 0.7% year over year.
Homes spend a median of 42 days on market with 4.2 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 22.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 24088, Roanoke County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Roanoke area are generally consistent with regional averages for mid-sized Virginia cities, with property crime being the primary concern in urbanized pockets.
Schools serving the area are part of the Roanoke County Public Schools system, which maintains a generally positive reputation for academic performance and student support services.
The area faces moderate risks related to localized flooding in low-lying areas near the Roanoke River and standard regional wind/storm exposure.
Economic momentum is driven by the healthcare and education sectors, with major employers like Carilion Clinic anchoring the regional economy.
Property taxes are assessed by the county based on fair market value; the area does not utilize special MUD/PID districts common in other states.
Residents typically rely on personal vehicles for commuting, with I-81 and US-220 serving as the primary corridors to the Roanoke employment core.
The area offers proximity to the Blue Ridge Parkway, various municipal parks, and local shopping centers along the main commercial arteries.
The rental market is stable with moderate vacancy pressure, supported by a mix of long-term residents and transient professionals.
The economy is anchored by healthcare, education, and manufacturing, with Carilion Clinic being a primary regional employer.
The area is served by a network of state highways and is within reach of the Roanoke-Blacksburg Regional Airport.
Ongoing infrastructure improvements focus on road connectivity and utility upgrades to support residential growth.
Parcels are subject to standard county and school district taxation; no special utility or hospital districts are noted.
Property insurance remains stable, though premiums are influenced by regional weather patterns and wildfire risk assessments.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Floyd Country Store4.813.5 mi
- Harvester Performance Center4.712 mi
- FloydFest4.89.2 mi
- Dogtown Pizza4.413.5 mi
- Fairy Stone State Park4.68 mi
- Waid Recreation Park4.88.7 mi
- Rocky Mount Bowling Center4.412.9 mi
- Devils Backbone Overlook4.89.4 mi
- Smart View Recreation Area4.86.5 mi
- Fairy Stone State Park4.68 mi
- Virginia Museum of Natural History4.719 mi
- Historic Jacks Creek Covered Bridge4.714.5 mi
- Piedmont Arts4.819 mi
- Fairy Stone State Park4.68 mi
- Floyd / Blue Ridge Parkway KOA Holiday4.68.6 mi
- Goose Point Park4.66.9 mi
- Waid Recreation Park4.88.7 mi
- Bowens Creek4.69.6 mi
- Philpott Marina4.78.9 mi
- Dollar General3.912.7 mi
- Dollar General411.4 mi
- Roanoke-Blacksburg Airport4.229.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hiking, cycling, and scenic driving opportunities.
A major trail system connecting various parts of the city for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.