The story of this market
The typical home in ZIP 24326 sells for about $299,000, or $168 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 24326 — Elk Creek
The housing market in 24326 is characterized by low inventory and slow turnover, typical of a remote rural mountain community. Prices have seen modest appreciation, driven by limited supply rather than high demand, resulting in a stable but quiet market environment.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural lifestyle who are comfortable with long commutes and limited local services.
Median prices moved up 3.1% year over year.
Homes spend a median of 84 days on market with 6.0 months of supply — a balanced-paced market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 7.7% — 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 8.4%/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 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24326, Grayson 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 Elk Creek area are significantly lower than both state and national averages, reflecting the rural, low-density nature of Grayson County.
Schools serving this area are part of the Grayson County Public Schools system, which generally maintains small class sizes and a community-focused educational environment.
The area is subject to standard rural wildfire risks and localized flooding in low-lying valley areas near creek beds, typical of the Blue Ridge Mountain region.
Economic momentum is driven primarily by agriculture, forestry, and tourism related to the nearby Blue Ridge Parkway and outdoor recreation, with limited large-scale industrial development.
Property taxes are assessed by Grayson County based on fair market value; the area lacks significant special district taxes like MUDs, though local school levies apply.
Commutes are primarily rural, involving long drives on state routes to reach employment hubs in Galax or Wytheville.
The area is defined by its proximity to the Blue Ridge Parkway, Jefferson National Forest, and New River, offering extensive hiking, fishing, and scenic outdoor amenities.
The rental market is extremely limited with very low inventory, consisting mostly of single-family homes or mobile homes; short-term rentals for tourists are a growing segment.
The local economy is anchored by agriculture, timber, and a growing tourism sector centered on the Blue Ridge Parkway and outdoor recreation.
Transportation is entirely dependent on private vehicles; there is no public transit infrastructure in this rural mountainous region.
Development is strictly limited by topography and rural zoning, with no major high-density projects currently in the pipeline.
Grayson County assesses property at 100% of fair market value with periodic reassessments conducted by the county assessor's office.
Parcels are subject to county-wide school and general fund levies; there are no significant MUD or PID districts in this rural area.
Property insurance premiums are influenced by wildfire risk and the distance to fire response services, which can be significant in remote areas.
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.
Provides world-class scenic driving, hiking, and cycling access.
Offers vast wilderness areas for hunting, fishing, and camping.
A major regional attraction for kayaking, tubing, and fly fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.