The story of this market
The typical home in ZIP 24555 sells for about $195,000, or $156 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 24555 — Glasgow
The housing market in 24555 remains stable with low inventory and modest price appreciation. Sales activity is limited, reflecting a quiet rural market where demand is driven primarily by local residents rather than speculative investment. Figures for specific metrics like price cuts and months of supply are estimated based on regional trends as precise ZIP-level data is not consistently published.
This ZIP is best suited for budget-conscious buyers, retirees, and those seeking a quiet, rural lifestyle with proximity to the natural amenities of the Blue Ridge Mountains.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 6.2 months of supply — a slower-moving market.
12% 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 4.8% · 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 9.7%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 24555, Rockbridge County, VA
Property taxes are assessed at the county level in Rockbridge County, Virginia, based on fair market value with rates set annually by the Board of Supervisors.
Residents typically rely on personal vehicles for commuting, with access to major regional routes like US-501 and I-81 providing connections to nearby employment hubs in Lexington and Buena Vista.
The area offers proximity to the Maury River and the Blue Ridge Mountains, providing opportunities for hiking, fishing, and outdoor recreation, with basic local shopping available in Glasgow.
The rental market is characterized by limited inventory and modest demand, primarily serving local workers and long-term residents with few short-term rental pressures.
The local economy is largely driven by manufacturing, agriculture, and services, with proximity to educational institutions in Lexington influencing the regional labor market.
Transportation is primarily automobile-dependent, with regional connectivity facilitated by US-501 and proximity to Interstate 81.
Parcels are subject to Rockbridge County property tax levies and local school district funding requirements.
Property insurance premiums are generally stable, though coverage may be influenced by regional flood and wildfire risk assessments.
Data retrieved from Census Bureau ZCTA 24555 profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Provides local access for fishing and recreational water activities.
Nearby access to major scenic driving and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.