The story of this market
The typical home in ZIP 24330 sells for about $165,000, or $108 per square foot.
Prices are down 12.8% from a year ago, which gives buyers more room to negotiate. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $728 a month.
ZIP 24330 — Fries
The housing market in 24330 is currently experiencing a period of price correction following recent years of growth, with low sales volume and limited inventory. Market activity is driven by local demand rather than speculative investment, resulting in a stable but slow-moving environment. Buyers are finding more negotiation room as days on market have increased slightly compared to the previous year.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking affordable rural living, as it lacks the employment density required for typical corporate commuters.
Median prices moved down 12.8% 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 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 11.7% — 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 4.1%/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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24330, Virginia
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 Fries area are generally low, consistent with the rural character of Grayson County and significantly lower than national urban averages.
Schools serving the area are part of the Grayson County Public Schools system, which provides standard rural educational services with limited specialized programming.
The area faces moderate risks related to localized flooding near the New River and standard wildfire risks associated with the Appalachian forest environment.
Economic momentum is limited, with the area primarily serving as a residential base for regional manufacturing and agricultural employment in Southwest Virginia.
Property taxes are assessed by Grayson County based on fair market value; the area does not utilize complex special district tax structures common in urban centers.
Commutes are primarily car-dependent, with residents traveling to employment hubs in Galax or Wytheville via state routes.
The area is anchored by the New River Trail State Park, offering extensive hiking, biking, and river access for outdoor enthusiasts.
The rental market is characterized by low inventory and limited turnover, with most units being single-family homes rather than multi-family complexes.
The local economy is heavily reliant on manufacturing, agriculture, and tourism related to the New River and outdoor recreation.
Public transit is not available; the area relies entirely on private vehicle transportation via local and state roads.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
Grayson County performs periodic reassessments to align property values with market trends, though rural land values remain relatively stable.
Parcels are subject to standard county and school district levies; there are no significant MUD or PID special districts.
Property insurance remains available, though premiums are influenced by the rural nature of the area and proximity to the river.
Data retrieved from US Census Bureau ZCTA 24330 profile.
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.
A 57-mile linear park that follows an abandoned railroad corridor, providing major regional recreation.
Provides significant fishing, kayaking, and scenic value to the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.