PlainZIP

Ferrum, VA · standard

ZIP Code 24088

Franklin County, Virginia - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

5,408
18/sq mi
$41,769
Median income
$152,700
Median home value
20.5%
Bachelor's or higher

The verdict

Ferrum pairs one of the lowest household incomes in the country with below-median home values, in a rural, homeowner-dominated area.

7th pct
household income, US ZIPs
26th pct
home value, US ZIPs
18
people per sq mi
78%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24088 against every reporting US ZIP.

ZIP code 24088 is a mid-sized community (a standard USPS delivery area) in Ferrum, Franklin County, Virginia, home to 5,408 residents across 303.8 square miles, a density of 18 people per square mile, in the New York time zone.

ZIP 24088 reports a modest median household income of $41,769 (51% below the Virginia average), while per-capita income is $24,489. 22.1% of residents live below the poverty line, and the unemployment rate reads 3.1%. On housing, the median home value is $152,700 (54% below the state average) with median rent at $643 per month, and 77.9% of occupied units are owner-occupied.

Educational attainment sits below the national norm: 20.5% of adults hold a bachelor's degree or higher, the median age is 36.5, and the average commute is 34 minutes. To put 24088 in local context, 3 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Franklin County, for a geography-aware comparison.

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 24088

Top 5 sectors by establishment count in Ferrum, VA

Which industries have the most business establishments in ZIP 24088.

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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 24088, Ferrum, 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

5,408

Population

303.8

Area (sq mi)

18

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 24088?

36.5

Median Age

50.2%

Male

49.8%

Female

0.4%

Foreign-Born

White 89.5%
African American 7.7%
Asian 0.0%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.5%
Hispanic or Latino 1.0%

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?

$41,769

Median Household Income

-51% vs state

$24,489

Per Capita Income

22.1%

Poverty Rate

3.1%

Unemployment Rate

34.0 min

Mean Commute Time

How ZIP 24088 ranks nationally

Ferrum, VA household income vs. every US ZIP code

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

$41,769 7th percentile higher than 7% 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 57.8%
Bachelor's Degree or Higher 20.5%

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

What does housing look like?

2,027

Total Housing Units

1,813

Occupied Units

214

Vacant Units

2.32

Avg Household Size

Occupancy Type

Owner 77.9%
Renter 22.1%

$152,700

Median Home Value

-54% vs state

$643

Median Rent

1987

Median Year Built

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

What businesses operate in this ZIP?

Census Bureau data shows 50 business establishments in ZIP 24088, employing approximately 854 people with a combined annual payroll of $25,208,000.

50

Businesses

854

Employees

$25.2M

Annual Payroll

6

Industry Sectors

Industry Establishments % of Total
Construction 14 28.0%
Other services (except public administration) 7 14.0%
Manufacturing 6 12.0%
Retail trade 5 10.0%
Accommodation and food services 4 8.0%
Professional, scientific, and technical services 3 6.0%

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 24088 vs 24102 →

ZIP 24088 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 24088 ranks #2 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 24088 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 24088 ranks #4 of 4 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
24102 Henry, VA 1,697 6.0 mi
24067 Callaway, VA 2,230 9.5 mi
24055 Bassett, VA 13,674 10.6 mi

More ZIP Codes in Franklin County

24151 standard
Rocky Mount, VA
Pop: 20,000
24065 standard
Boones Mill, VA
Pop: 6,141
24101 standard
Hardy, VA
Pop: 6,132
24184 standard
Wirtz, VA
Pop: 4,705
24092 standard
Glade Hill, VA
Pop: 3,063
24137 standard
Penhook, VA
Pop: 2,582

Related Areas

Franklin County Ferrum, VA Virginia

Frequently Asked Questions

What county is ZIP code 24088 in? ▼
ZIP code 24088 (Ferrum) is located in Franklin County, Virginia. Franklin County contains multiple ZIP codes, see the full list at /counties/franklin-va.
What is the population of ZIP code 24088? ▼
ZIP code 24088 in Ferrum, VA has a population of 5,408 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24088? ▼
The median household income in ZIP 24088 is $41,769, which is 45% below the national average of $76,288.
What is the average home value in ZIP 24088? ▼
The median home value in ZIP 24088 is $152,700, which is 45% below the national average of $278,155.
What is the demographic makeup of ZIP 24088? ▼
The largest racial group in ZIP 24088 is White at 89.5%. Hispanic or Latino residents make up 1.0% of the population.
How many businesses are in ZIP code 24088? ▼
ZIP code 24088 has 50 business establishments employing approximately 854 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24088? ▼
The top industries by establishment count in ZIP 24088 are: Construction (14), Other services (except public administration) (7), Manufacturing (6). There are 6 industry sectors represented in total.
What is the education level in ZIP code 24088? ▼
In ZIP code 24088, 57.8% of residents aged 25+ have a high school diploma or higher, and 20.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 24088? ▼
The mean commute time for workers in ZIP code 24088 is 34.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 24088? ▼
In ZIP code 24088, approximately 77.9% of occupied housing units are owner-occupied and 22.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24088? ▼
The poverty rate in ZIP code 24088 is 22.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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