The story of this market
The typical home in ZIP 24457 sells for about $179,900, or $115 per square foot.
Prices are down 53.27% from a year ago, which gives buyers more room to negotiate. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 24457 — Low Moor
The housing market in 24457 is characterized by low inventory and stable, modest pricing consistent with its rural location. Recent data shows a significant year-over-year price adjustment, likely reflecting a return to historical norms after a period of volatility. Demand remains steady among local buyers, though the market lacks the high-velocity turnover seen in more urbanized areas.
This area is best suited for those seeking a quiet, rural lifestyle, including retirees and outdoor enthusiasts who value proximity to nature over urban amenities.
Median prices moved down 53.3% year over year.
Homes spend a median of 50 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 13.0% — 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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24457, Alleghany 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 area are generally low and stable, consistent with the rural character of the Allegheny Highlands region.
Schools serving the area are part of the Alleghany Highlands Public Schools system, which maintains a focus on small-town educational outcomes.
The area is subject to standard regional risks including seasonal flooding in low-lying areas and wildfire risks common to the forested Appalachian terrain.
Economic momentum is modest, driven primarily by local government, tourism, and regional services in the Allegheny Highlands.
Property taxes are assessed by Alleghany County based on fair market value; the jurisdiction maintains a stable rate structure with no significant special district overlays reported.
Commuting is primarily car-dependent, with residents traveling along regional corridors toward employment hubs in Covington or Clifton Forge.
The area offers immediate access to outdoor recreation including hiking, fishing, and proximity to the natural mineral springs of the Allegheny Highlands.
The rental market is limited in depth, characterized by low turnover and a mix of long-term residential leases and occasional seasonal housing.
The local economy is anchored by public sector employment, healthcare services, and regional tourism.
Transportation is dominated by private vehicle use on state routes; public transit options are minimal.
Development activity is currently limited to small-scale residential improvements and infrastructure maintenance.
The Alleghany County assessment office conducts periodic reassessments to align property values with current market conditions.
Parcels are subject to standard county-level levies for schools and general government services.
Property insurance premiums are influenced by regional wildfire and flood risk profiles typical of the Appalachian mountain region.
Data retrieved from US Census Bureau ZCTA-level profiles.
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 scenic multi-use trail serving the local community.
Provides local fishing and recreational water access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.