24441 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Rockingham County
Centroid: Latitude 38.269, Longitude -78.827
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 24441 has segments in 2 Counties / Independent Cities (Augusta, Rockingham).

Businesses Addresses: 94
PO Box Addresses: 218
Residential Addresses: 2,618

Multi-Family Addresses: 0
Single Family Addresses: 2,618

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2022, Maps updated: May 5, 2022.

Grottoes, VA 24441 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	6,391 (100%)
Population in Households	6,391 (100.0%)
Population in Families	5,350 (83.7%)
Population in Group Quarters¹	0
Population Density	115
Diversity Index²	29


INCOME
Median Household Income	$61,875
Average Household Income	$78,825
% of Income for Mortgage⁴	19%
Per Capita Income	$32,244
Wealth Index⁵	64

HOUSING
Total HU (Housing Units)	2,789 (100%)
Owner Occupied HU	2,135 (76.6%)
Renter Occupied HU	507 (18.2%)
Vacant Housing Units	147 ( 5.3%)
Median Home Value	$220,356
Average Home Value	$251,007
Housing Affordability Index³	139

HOUSEHOLDS
Total Households	2,642
Average Household Size	2.42
Family Households	1,879
Average Family Size	3.00

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.

Grottoes, VA 24441 - Peer Comparisons by Rank and Percentile

The table below compares 24441 to the other 868 ZIP Codes in Virginia by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	0.06%	0.06%
Households	0.19%	0.08%
Families		-0.02%
Median Household Income		3.41%
Per Capita Income		3.04%
Owner Occupied HU		0.30%

Variable Description	Rank	Percentile
Total Population	# 301	65th
Population Density	# 345	60th
Median Household Income	# 439	50th
Housing Affordability Index	# 490	56th
Per Capita Income	# 520	40th
Diversity Index	# 617	29th

24441 ZIP Code Profile, Map, Data & Demographics

ZIP Code 24441: Basic Data & USPS Preferred City Name

Grottoes, VA 24441 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Grottoes, VA 24441 - Peer Comparisons by Rank and Percentile

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