Roanoke, VA · standard
ZIP Code 24016
Roanoke County, Virginia - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 9,047
- 1,076/sq mi High-density area
- $46,512
- Median income Below-median income area
- $119,700
- Median home value Below-median home value
- 28.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Roanoke pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a low-density, renter-heavy area.
- 10th pct
- household income, US ZIPs
- 16th pct
- home value, US ZIPs
- 1,076
- people per sq mi
- 21%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24016 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 24016 (Roanoke, VA) rose +5.6% from 2023 to 2024. The all-transactions index moved from 286.6 in 2023 to 302.7 in 2024 (2000 = 100).
ZIP code 24016 is a mid-sized community (a standard USPS delivery area) in Roanoke, Roanoke County, Virginia, home to 9,047 residents across 8.4 square miles, a density of 1,076 people per square mile, in the New York time zone.
ZIP 24016 reports a modest median household income of $46,512 (46% below the average Virginia ZIP), while per-capita income is $34,754. The poverty rate is 22.5%, so the area-level income figures should not be treated as typical household experience. Home values sit below the statewide ZIP benchmark: the median is $119,700 (64% below the average Virginia ZIP), and median rent is $966; owner occupancy is 21.3%.
Educational attainment sits below the national norm: 28.4% of adults hold a bachelor's degree or higher, the median age is 32.7, and the average commute is -. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Roanoke County, so 24016 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 24016
Top 5 sectors by establishment count in Roanoke, VA
Which industries have the most business establishments in ZIP 24016.
- Health care and social assistance
Health care and social assistance
108 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
75 establishments
- Other services (except public administration)
Other services (except public administration)
61 establishments
- Construction 34
Construction
34 establishments
- Accommodation and food services 32
Accommodation and food services
32 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 24016, Roanoke, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
9,047
Population
8.4
Area (sq mi)
1,076
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24016?
32.7
Median Age
46.6%
Male
53.4%
Female
7.2%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$46,512
Median Household Income
-46% vs state ZIP avg
$34,754
Per Capita Income
22.5%
Poverty Rate
7.8%
Unemployment Rate
How ZIP 24016 ranks among Virginia ZIPs
Roanoke, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$46,512 10th percentile higher than 10% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
5,696housing units
5,696
Total Housing Units
4,994
Occupied Units
702
Vacant Units
2.03
Avg Household Size
Occupancy Type
$119,700
Median Home Value
-64% vs state ZIP avg
$966
Median Rent
1941
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+5.6%
YoY Change (2024)
303
HPI Index (2000 = 100)
+203%
Total Change Since 2000
Home values in ZIP 24016 have increased 5.6% over the past year (2024). Since 2000, this ZIP has seen +203% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.4% | 192 |
| 2021 | +11.4% | 214 |
| 2022 | +19.7% | 256 |
| 2023 | +11.8% | 287 |
| 2024 | +5.6% | 303 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 480 business establishments in ZIP 24016, employing approximately 7,701 people with a combined annual payroll of $466,149,000.
480
Businesses
7,701
Employees
$466.1M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 108 | 22.5% |
| Professional, scientific, and technical services | 75 | 15.6% |
| Other services (except public administration) | 61 | 12.7% |
| Construction | 34 | 7.1% |
| Accommodation and food services | 32 | 6.7% |
| Retail trade | 26 | 5.4% |
| Wholesale trade | 24 | 5.0% |
| Real estate and rental and leasing | 24 | 5.0% |
| Manufacturing | 23 | 4.8% |
| Finance and insurance | 21 | 4.4% |
| Administrative and support and waste management and remediation services | 14 | 2.9% |
| Information | 9 | 1.9% |
| Management of companies and enterprises | 9 | 1.9% |
| Educational services | 7 | 1.5% |
| Arts, entertainment, and recreation | 7 | 1.5% |
| Transportation and warehousing | 4 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 24016 vs 24011 →
ZIP 24016 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24018
Roanoke (24018)
36,432 residents
- 24012
Roanoke (24012)
29,015 residents
- 24019
Roanoke (24019)
26,502 residents
- 24017
Roanoke (24017)
23,392 residents
- 24014
Roanoke (24014)
16,570 residents
- 24015
Roanoke (24015)
15,255 residents
- 24016 9,047
Roanoke (24016)
9,047 residents
- 24013 8,684
Roanoke (24013)
8,684 residents
- 24077 932
Cloverdale (24077)
932 residents
What this shows Among its immediate neighbors, ZIP 24016 ranks #7 by population - useful context the national average alone can't give.
ZIP 24016 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24018
Roanoke (24018)
$90,885 median income
- 24077
Cloverdale (24077)
$88,194 median income
- 24019
Roanoke (24019)
$77,870 median income
- 24014
Roanoke (24014)
$70,381 median income
- 24015
Roanoke (24015)
$69,831 median income
- 24011
Roanoke (24011)
$54,986 median income
- 24012
Roanoke (24012)
$52,973 median income
- 24013
Roanoke (24013)
$51,290 median income
- 24017
Roanoke (24017)
$47,360 median income
What this shows By household income, ZIP 24016 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 24011 | Roanoke, VA | 219 | 0.7 mi |
| 24013 | Roanoke, VA | 8,684 | 1.8 mi |
| 24015 | Roanoke, VA | 15,255 | 1.8 mi |
| 24017 | Roanoke, VA | 23,392 | 2.6 mi |
| 24019 | Roanoke, VA | 26,502 | 5.1 mi |
| 24014 | Roanoke, VA | 16,570 | 4.1 mi |
| 24012 | Roanoke, VA | 29,015 | 4.1 mi |
| 24020 | Roanoke, VA | 455 | 5.9 mi |
| 24077 | Cloverdale, VA | 932 | 7.0 mi |
| 24018 | Roanoke, VA | 36,432 | 6.5 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 24016, both outside VA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (9,047 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Roanoke County
Related Areas
Frequently Asked Questions
What county is ZIP code 24016 in?
ZIP code 24016 (Roanoke) is located in Roanoke County, Virginia. Roanoke County contains multiple ZIP codes, see the full list at /counties/roanoke-va-51770.
What is the population of ZIP code 24016?
ZIP code 24016 in Roanoke, VA has a population of 9,047 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24016?
The median household income in ZIP 24016 is $46,512, which is 39% below the national average of $76,288.
What is the average home value in ZIP 24016?
The median home value in ZIP 24016 is $119,700, which is 57% below the national average of $278,155.
What is the demographic makeup of ZIP 24016?
The largest racial group in ZIP 24016 is African American at 45.0%. Hispanic or Latino residents make up 4.3% of the population.
How many businesses are in ZIP code 24016?
ZIP code 24016 has 480 business establishments employing approximately 7,701 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24016?
The top industries by establishment count in ZIP 24016 are: Health care and social assistance (108), Professional, scientific, and technical services (75), Other services (except public administration) (61). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 24016?
According to the FHFA House Price Index, home values in ZIP 24016 increased by 5.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 203%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 24016?
In ZIP code 24016, 56.1% of residents aged 25+ have a high school diploma or higher, and 28.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 24016?
In ZIP code 24016, approximately 21.3% of occupied housing units are owner-occupied and 78.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24016?
The poverty rate in ZIP code 24016 is 22.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 24016's numbers, next.
- See how ZIP 24016 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Roanoke, VA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.