24018 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Roanoke County
Centroid: Latitude 37.226, Longitude -80.027
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 24018 has segments in 2 Counties / Independent Cities (Roanoke, Roanoke City).

Businesses Addresses: 1,686
PO Box Addresses: 396
Residential Addresses: 17,619

Multi-Family Addresses: 3,337
Single Family Addresses: 14,282

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: May 5, 2021.

Roanoke, VA 24018 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	37,901 (100%)
Population in Households	37,814 (99.8%)
Population in Families	30,551 (80.6%)
Population in Group Quarters¹	87 ( 0.2%)
Population Density	888
Diversity Index²	31


INCOME
Median Household Income	$76,064
Average Household Income	$95,387
% of Income for Mortgage⁴	13%
Per Capita Income	$41,197
Wealth Index⁵	124

HOUSING
Total HU (Housing Units)	17,599 (100%)
Owner Occupied HU	11,361 (64.6%)
Renter Occupied HU	5,001 (28.4%)
Vacant Housing Units	1,237 ( 7.0%)
Median Home Value	$238,541
Average Home Value	$293,090
Housing Affordability Index³	184

HOUSEHOLDS
Total Households	16,362
Average Household Size	2.31
Family Households	10,595
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Roanoke, VA 24018 - Peer Comparisons by Rank and Percentile

The table below compares 24018 to the other 865 ZIP Codes in Virginia by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.33%	0.2%
Households	0.31%	0.2%
Families	0.17%	0.1%
Median Household Income		0.64%
Per Capita Income		1.65%
Owner Occupied HU		0.27%

Variable Description	Rank	Percentile
Total Population	# 58	93rd
Population Density	# 168	81st
Median Household Income	# 213	75th
Housing Affordability Index	# 533	62nd
Per Capita Income	# 158	82nd
Diversity Index	# 551	36th

Roanoke, VA 24018 ZIP Code Profile

ZIP Code 24018: Basic Data & USPS Preferred City Name

Roanoke, VA 24018 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Roanoke, VA 24018 - Peer Comparisons by Rank and Percentile

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