The story of this market
The typical home in ZIP 24318 sells for about $235,000, or $118 per square foot.
Prices are roughly flat from a year ago (-1%), a market in balance. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $943 a month.
ZIP 24318 — Ceres
The housing market in 24318 is characterized by low inventory and slow turnover, typical of a rural, stable population base. Prices remain affordable relative to national averages, with demand driven primarily by local buyers rather than speculative investment. The market is currently balanced, with little evidence of significant price volatility or rapid development.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or remote workers who prioritize affordability and access to nature over proximity to urban employment centers.
Median prices moved down 1.0% year over year.
Homes spend a median of 93 days on market with 0.0 months of supply — a slower-moving market.
0% 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 12.0% · poverty 13.6% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24318, Bland 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.
Schools in the area are primarily served by the Bland County Public Schools district, which maintains a small, rural educational environment.
The area is subject to standard rural Virginia climate risks, including potential for localized flooding in low-lying areas and seasonal wildfire risks in forested terrain.
Economic momentum is limited, with the area primarily driven by agriculture, forestry, and small-scale local services rather than large-scale corporate development.
Property taxes are assessed at the county level by Bland County; the jurisdiction utilizes a standard real estate tax rate applied to the assessed fair market value of parcels.
Commuting is primarily car-dependent, with residents often traveling to nearby employment hubs in the New River Valley or Bluefield areas via rural highway corridors.
The area offers significant access to outdoor recreation, including proximity to the Jefferson National Forest, hiking trails, and rural scenic landscapes.
The rental market is limited in depth, characterized by low inventory and a lack of large-scale multi-family developments.
The local economy is largely agricultural and rural-service based, with limited major industrial employers within the ZIP code itself.
Transportation is entirely reliant on private vehicle travel via state and local road networks; there is no public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction in this rural ZIP code.
Bland County assesses property values based on local market data and state-mandated appraisal standards.
Parcels are subject to Bland County general taxation and the Bland County Public Schools district.
Property insurance availability is standard for rural Virginia, though premiums may be influenced by proximity to fire services and wildfire risk zones.
Virginia is a non-judicial foreclosure state, allowing for relatively efficient trustee sales following default.
Virginia requires sellers to provide a residential property disclosure statement, though it is largely a 'buyer beware' state regarding the condition of the property.
Data derived from Census Bureau QuickFacts and ZCTA-level aggregations.
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.
Provides extensive hiking, camping, and outdoor recreation opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.