PlainZIP

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
$46,512
Median income
$119,700
Median home value
28.4%
Bachelor's or higher

The verdict

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.

ZIP code 24016 is classified by USPS as a standard delivery area and covers roughly 8.4 square miles in Roanoke, Roanoke County, Virginia. The area is home to 9,047 residents, producing a population density of 1,076 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 24016 against Virginia and the nation.

On the economic side, the median household income for ZIP 24016 sits at $46,512 (46% below the Virginia average), while per-capita income is $34,754. The poverty rate stands at 22.5% and the unemployment rate at 7.8%. On housing, the median home value is $119,700 (64% below the state average) with median rent at $966 per month, and 21.3% of occupied units are owner-occupied, a direct signal of whether 24016 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 28.4% of adults hold a bachelor's degree or higher, the median age is 32.7, and the average commute is —. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Roanoke County, so you can benchmark 24016 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 24016

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 24016.

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 · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 24016?

32.7

Median Age

46.6%

Male

53.4%

Female

7.2%

Foreign-Born

White 43.9%
African American 45.0%
Asian 3.3%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.8%
Hispanic or Latino 4.3%

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

$34,754

Per Capita Income

22.5%

Poverty Rate

7.8%

Unemployment Rate

How ZIP 24016 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$46,512 10th percentile higher than 10% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 56.1%
Bachelor's Degree or Higher 28.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

5,696

Total Housing Units

4,994

Occupied Units

702

Vacant Units

2.03

Avg Household Size

Occupancy Type

Owner 21.3%
Renter 78.7%

$119,700

Median Home Value

-64% vs state

$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.

residents

What this shows Among its immediate neighbors, ZIP 24016 ranks #7 by population — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 24016 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

More ZIP Codes in Roanoke County

24012 standard
Roanoke, VA
Pop: 29,015
24017 standard
Roanoke, VA
Pop: 23,392
24014 standard
Roanoke, VA
Pop: 16,570
24015 standard
Roanoke, VA
Pop: 15,255
24013 standard
Roanoke, VA
Pop: 8,684
24011 standard
Roanoke, VA
Pop: 219

Related Areas

Roanoke County Roanoke, VA Virginia

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.

ZIP Code Research Guides

Reading Census Demographics
How to interpret population, income, and education data from the Census Bureau.
Understanding ZIP Code Data
What ZIP codes are, how ZCTAs differ, and what the data reveals.
Best ZIP Codes for Families
Key factors to evaluate when choosing a family-friendly neighborhood.
ZIP Codes for Relocation
Data-driven tips for evaluating ZIP codes before a move.

Official Data Resources for Roanoke, VA

Verify and explore additional data for this area using these official government sources.

U.S. Census Bureau
Official demographic, economic, and housing data from the American Community Survey.
HUD Fair Market Rents
Department of Housing and Urban Development rental cost estimates by metropolitan area.
FBI Uniform Crime Reports
Official crime statistics compiled from law enforcement agencies nationwide.
FHFA House Price Index
Federal Housing Finance Agency home value trends based on repeat sales and appraisals.

Read our methodology to see how this data is sourced, computed, and verified.