24273 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Norton City County
Centroid: Latitude 36.936, Longitude -82.623
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 24273 has segments in 2 Counties / Independent Cities (Norton City, Wise).

Businesses Addresses: 404
PO Box Addresses: 426
Residential Addresses: 2,421

Multi-Family Addresses: 170
Single Family Addresses: 2,251

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Norton, VA 24273 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	6,397 (100%)
Population in Households	6,323 (98.8%)
Population in Families	4,888 (76.4%)
Population in Group Quarters¹	74 ( 1.2%)
Population Density	123
Diversity Index²	19


INCOME
Median Household Income	$36,672
Average Household Income	$50,636
% of Income for Mortgage⁴	10%
Per Capita Income	$21,881
Wealth Index⁵	43

HOUSING
Total HU (Housing Units)	3,088 (100%)
Owner Occupied HU	1,546 (50.1%)
Renter Occupied HU	1,216 (39.4%)
Vacant Housing Units	326 (10.6%)
Median Home Value	$84,186
Average Home Value	$113,616
Housing Affordability Index³	259

HOUSEHOLDS
Total Households	2,762
Average Household Size	2.29
Family Households	1,664
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.

Norton, VA 24273 - Peer Comparisons by Rank and Percentile

The table below compares 24273 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	0.0%	-0.32%
Households	0.04%	-0.3%
Families	-0.17%	-0.44%
Median Household Income		0.54%
Per Capita Income		1.22%
Owner Occupied HU		-0.29%

Variable Description	Rank	Percentile
Total Population	# 313	64th
Population Density	# 337	61st
Median Household Income	# 787	9th
Housing Affordability Index	# 793	92nd
Per Capita Income	# 733	15th
Diversity Index	# 666	23rd

Norton, VA 24273 ZIP Code Profile

ZIP Code 24273: Basic Data & USPS Preferred City Name

Norton, VA 24273 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Norton, VA 24273 - Peer Comparisons by Rank and Percentile

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