The story of this market
The typical home in ZIP 24348 sells for about $236,200, or $145 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $612 a month.
ZIP 24348 — Independence
The market in 24348 is currently characterized as a buyer's market with 10 months of inventory. Prices remain stable with limited sales activity, reflecting the rural nature of the Independence area.
This area is best suited for retirees, outdoor enthusiasts, and those seeking a rural lifestyle, as it lacks the employment density required for typical urban commuters.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 82 days on market with 10.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 17.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24348, 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.
Schools in the area are primarily served by the Grayson County Public Schools district, which provides rural educational services.
The area is subject to standard regional risks including potential for flooding in low-lying river areas and seasonal wildfire risks in forested terrain.
Economic momentum is driven by local agriculture, tourism, and small-scale manufacturing, with limited large-scale industrial development.
Property taxes are assessed at the county level by Grayson County; rates are generally low compared to urban centers, reflecting the rural nature of the jurisdiction.
Commuting is primarily by private vehicle, with residents often traveling to nearby towns like Galax or Wytheville for employment.
The area offers significant outdoor recreation including access to the New River, hiking trails, and proximity to the Blue Ridge Mountains.
The rental market is limited with low turnover and minimal institutional investor presence.
The local economy is heavily reliant on agriculture, forestry, and small-scale tourism.
Grayson County assesses property based on fair market value with periodic reassessments.
Parcels are subject to county-level taxation and school district levies.
Insurance premiums are influenced by rural fire protection ratings and regional weather patterns.
Data retrieved from US Census Bureau 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 significant recreational opportunities including fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.