Collinsville, VA · standard
ZIP Code 24078
Henry County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 7,115
- 397/sq mi
- $53,665
- Median income
- $143,400
- Median home value
- 23.2%
- Bachelor's or higher
The verdict
Collinsville pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a low-density, homeowner-dominated area.
- 19th pct
- household income, US ZIPs
- 23th pct
- home value, US ZIPs
- 397
- people per sq mi
- 61%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24078 against every reporting US ZIP.
ZIP code 24078 is classified by USPS as a standard delivery area and covers roughly 17.9 square miles in Collinsville, Henry County, Virginia. The area is home to 7,115 residents, producing a population density of 397 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 24078 against Virginia and the nation.
On the economic side, the median household income for ZIP 24078 sits at $53,665 (37% below the Virginia average), while per-capita income is $33,090. The poverty rate stands at 13.7% and the unemployment rate at 3.2%. On housing, the median home value is $143,400 (57% below the state average) with median rent at $747 per month, and 60.6% of occupied units are owner-occupied, a direct signal of whether 24078 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 23.2% of adults hold a bachelor's degree or higher, the median age is 38.2, and the average commute is 20 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henry County, so you can benchmark 24078 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 24078
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 24078.
- Retail trade
Retail trade
32 establishments
- Accommodation and food services
Accommodation and food services
25 establishments
- Other services (except public administration)
Other services (except public administration)
19 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
15 establishments
- Finance and insurance 12
Finance and insurance
12 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 24078, Collinsville, 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
7,115
Population
17.9
Area (sq mi)
397
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24078?
38.2
Median Age
47.9%
Male
52.1%
Female
4.2%
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?
$53,665
Median Household Income
-37% vs state
$33,090
Per Capita Income
13.7%
Poverty Rate
3.2%
Unemployment Rate
19.6 min
Mean Commute Time
How ZIP 24078 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$53,665 19th percentile higher than 19% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
3,156
Total Housing Units
2,656
Occupied Units
500
Vacant Units
2.42
Avg Household Size
Occupancy Type
$143,400
Median Home Value
-57% vs state
$747
Median Rent
1972
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
+3.9%
YoY Change (2024)
190
HPI Index (2000 = 100)
+90%
Total Change Since 2000
Home values in ZIP 24078 have increased 3.9% over the past year (2024). Since 2000, this ZIP has seen +90% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +20.7% | 126 |
| 2021 | +11.1% | 139 |
| 2022 | +1.6% | 142 |
| 2023 | +28.8% | 183 |
| 2024 | +3.9% | 190 |
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 152 business establishments in ZIP 24078, employing approximately 1,805 people with a combined annual payroll of $44,119,000.
152
Businesses
1,805
Employees
$44.1M
Annual Payroll
11
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 32 | 21.1% |
| Accommodation and food services | 25 | 16.4% |
| Other services (except public administration) | 19 | 12.5% |
| Administrative and support and waste management and remediation services | 15 | 9.9% |
| Finance and insurance | 12 | 7.9% |
| Construction | 11 | 7.2% |
| Health care and social assistance | 10 | 6.6% |
| Real estate and rental and leasing | 8 | 5.3% |
| Manufacturing | 6 | 4.0% |
| Wholesale trade | 5 | 3.3% |
| Professional, scientific, and technical services | 5 | 3.3% |
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 24078 vs 24168 →
ZIP 24078 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24112
Martinsville (24112)
32,646 residents
- 24055
Bassett (24055)
13,674 residents
- 24148 8,013
Ridgeway (24148)
8,013 residents
- 24078 7,115
Collinsville (24078)
7,115 residents
- 24089 2,640
Fieldale (24089)
2,640 residents
- 24102 1,697
Henry (24102)
1,697 residents
- 24165 1,613
Spencer (24165)
1,613 residents
- 24168 187
Stanleytown (24168)
187 residents
What this shows Among its immediate neighbors, ZIP 24078 ranks #4 by population — useful context the national average alone can't give.
ZIP 24078 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24168
Stanleytown (24168)
$78,229 median income
- 24102
Henry (24102)
$76,250 median income
- 24148
Ridgeway (24148)
$59,428 median income
- 24078
Collinsville (24078)
$53,665 median income
- 24089
Fieldale (24089)
$51,458 median income
- 24165
Spencer (24165)
$49,250 median income
- 24112
Martinsville (24112)
$48,770 median income
- 24055
Bassett (24055)
$45,227 median income
What this shows By household income, ZIP 24078 ranks #4 of 8 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Henry County
Related Areas
Frequently Asked Questions
What county is ZIP code 24078 in? ▼
What is the population of ZIP code 24078? ▼
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What is the average home value in ZIP 24078? ▼
What is the demographic makeup of ZIP 24078? ▼
How many businesses are in ZIP code 24078? ▼
What are the main industries in ZIP code 24078? ▼
How have home values changed in ZIP code 24078? ▼
What is the education level in ZIP code 24078? ▼
What is the average commute time in ZIP 24078? ▼
What percentage of residents own vs. rent in ZIP 24078? ▼
What is the poverty rate in ZIP code 24078? ▼
ZIP Code Research Guides
Official Data Resources for Collinsville, VA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.