The story of this market
The typical home in ZIP 24378 sells for about $220,000, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 142 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $949 a month.
ZIP 24378 — Troutdale
The housing market in 24378 is characterized by low inventory and slow price appreciation, reflecting its status as a remote rural market. High days on market and limited sales volume suggest a lack of urgency among buyers, with values driven more by local fundamentals than speculative growth.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a low-cost-of-living rural lifestyle, rather than commuters or investors seeking high-velocity returns.
Median prices moved up 2.1% year over year.
Homes spend a median of 142 days on market with 9.4 months of supply — a slower-moving market.
15% 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 15.6% — 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 4.7%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24378, 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.
The area is subject to rural wildfire risks and mountainous terrain considerations typical of the Blue Ridge region.
Economic momentum is limited, with the area primarily serving as a rural residential and recreational enclave rather than a commercial hub.
Property taxes are assessed at the county level in Grayson County, with rates reflecting rural service levels and limited special district overlays.
Commutes are long and primarily car-dependent, with residents traveling to regional employment centers in larger towns outside the immediate ZIP.
The area is defined by its proximity to the Mount Rogers National Recreation Area, offering extensive hiking, fishing, and outdoor access.
The rental market is thin with low turnover and limited institutional investor presence, often characterized by older housing stock.
The local economy is driven by agriculture, forestry, and tourism related to the surrounding national forest and recreation areas.
Grayson County utilizes a traditional assessment model based on periodic reassessments of rural land and residential improvements.
Parcels are primarily subject to county-level taxation with minimal special district or MUD/PID overlays.
Insurance premiums are influenced by rural fire response times and the mountainous topography of the region.
Data retrieved from ZCTA-level ACS tables and local market reports.
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.
- Wythe Raceway4.616.5 mi
- The Cabins at Healing Springs4.514.1 mi
- The Lincoln Theatre4.712.4 mi
- Muddy Creek Cafe & Music Hall Sparta4.219.3 mi
- Mount Rogers National Recreation Area4.68.1 mi
- Park Place Drive In4.812.5 mi
- The Lincoln Theatre4.712.4 mi
- Settlers Museum of Southwest Virginia4.711.4 mi
- Riverbend Shelter4.512.7 mi
- The Lincoln Theatre4.712.4 mi
- Settlers Museum of Southwest Virginia4.711.4 mi
- Green Cove Station4.916.7 mi
- Grayson Highlands State Park4.99.1 mi
- Elk Garden Trailhead4.812.9 mi
- Mount Rogers National Recreation Area4.68.1 mi
- Massie Gap4.89.5 mi
- Rural Retreat Fishing Lake4.211.8 mi
- Ingles Markets4.312.4 mi
- Smyth Valley Crossing4.212.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional attraction for hiking and outdoor recreation.
Known for scenic vistas and wild ponies.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.