Martinsville, VA · standard
ZIP Code 24112
Henry County, Virginia - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 32,646
- 83/sq mi Moderate-density area
- $48,770
- Median income Below-median income area
- $130,100
- Median home value Below-median home value
- 19.6%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Martinsville pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 13th pct
- household income, US ZIPs
- 20th pct
- home value, US ZIPs
- 83
- people per sq mi
- 67%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24112 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 24112 (Martinsville, VA) rose +6.3% from 2023 to 2024. The all-transactions index moved from 173.7 in 2023 to 184.7 in 2024 (2000 = 100).
ZIP code 24112 is a densely settled ZIP (a standard USPS delivery area) in Martinsville, Henry County, Virginia, with 32,646 residents across 392.9 square miles, a density of 83 people per square mile, in the New York time zone.
ZIP 24112 reports a modest median household income of $48,770 (43% below the average Virginia ZIP), while per-capita income is $31,886. The poverty rate is 19.1%, with unemployment at 4.0%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $130,100 (61% below the average Virginia ZIP), and median rent is $790; owner occupancy is 67.0%.
Educational attainment sits below the national norm: 19.6% of adults hold a bachelor's degree or higher, the median age is 44.2, and the average commute is 23 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Henry County, so 24112 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 24112
Top 5 sectors by establishment count in Martinsville, VA
Which industries have the most business establishments in ZIP 24112.
- Health care and social assistance
Health care and social assistance
128 establishments
- Retail trade
Retail trade
126 establishments
- Other services (except public administration)
Other services (except public administration)
102 establishments
- Accommodation and food services
Accommodation and food services
68 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
54 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 24112, Martinsville, 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
32,646
Population
392.9
Area (sq mi)
83
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24112?
44.2
Median Age
46.7%
Male
53.3%
Female
4.4%
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?
$48,770
Median Household Income
-43% vs state ZIP avg
$31,886
Per Capita Income
19.1%
Poverty Rate
4.0%
Unemployment Rate
23.4 min
Mean Commute Time
How ZIP 24112 ranks nationally
Martinsville, VA household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$48,770 13th percentile higher than 13% 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?
Housing stock: occupied vs vacant
16,031housing units
16,031
Total Housing Units
13,299
Occupied Units
2,732
Vacant Units
2.27
Avg Household Size
Occupancy Type
$130,100
Median Home Value
-61% vs state ZIP avg
$790
Median Rent
1968
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
+6.3%
YoY Change (2024)
185
HPI Index (2000 = 100)
+85%
Total Change Since 2000
Home values in ZIP 24112 have increased 6.3% over the past year (2024). Since 2000, this ZIP has seen +85% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.0% | 117 |
| 2021 | +11.5% | 130 |
| 2022 | +24.7% | 162 |
| 2023 | +7.0% | 174 |
| 2024 | +6.3% | 185 |
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 771 business establishments in ZIP 24112, employing approximately 14,208 people with a combined annual payroll of $576,272,000.
771
Businesses
14,208
Employees
$576.3M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 128 | 16.6% |
| Retail trade | 126 | 16.3% |
| Other services (except public administration) | 102 | 13.2% |
| Accommodation and food services | 68 | 8.8% |
| Professional, scientific, and technical services | 54 | 7.0% |
| Construction | 51 | 6.6% |
| Finance and insurance | 45 | 5.8% |
| Manufacturing | 39 | 5.1% |
| Administrative and support and waste management and remediation services | 36 | 4.7% |
| Wholesale trade | 34 | 4.4% |
| Real estate and rental and leasing | 31 | 4.0% |
| Transportation and warehousing | 21 | 2.7% |
| Arts, entertainment, and recreation | 12 | 1.6% |
| Information | 11 | 1.4% |
| Educational services | 4 | 0.5% |
| Agriculture, forestry, fishing and hunting | 3 | 0.4% |
| Management of companies and enterprises | 3 | 0.4% |
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 24112 vs 24078 →
ZIP 24112 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
- 24148 8,013
Ridgeway (24148)
8,013 residents
- 24078 7,115
Collinsville (24078)
7,115 residents
- 24054 6,797
Axton (24054)
6,797 residents
- 24089 2,640
Fieldale (24089)
2,640 residents
- 24168 187
Stanleytown (24168)
187 residents
What this shows Among its immediate neighbors, ZIP 24112 ranks the most populous - useful context the national average alone can't give.
ZIP 24112 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
- 24148
Ridgeway (24148)
$59,428 median income
- 24054
Axton (24054)
$53,910 median income
- 24078
Collinsville (24078)
$53,665 median income
- 24089
Fieldale (24089)
$51,458 median income
- 24112
Martinsville (24112)
$48,770 median income
What this shows By household income, ZIP 24112 ranks #6 of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 24112, 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 (32,646 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Henry County
Related Areas
Frequently Asked Questions
What county is ZIP code 24112 in?
ZIP code 24112 (Martinsville) is located in Henry County, Virginia. Henry County contains multiple ZIP codes, see the full list at /counties/henry-va.
What is the population of ZIP code 24112?
ZIP code 24112 in Martinsville, VA has a population of 32,646 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24112?
The median household income in ZIP 24112 is $48,770, which is 36% below the national average of $76,288.
What is the average home value in ZIP 24112?
The median home value in ZIP 24112 is $130,100, which is 53% below the national average of $278,155.
What is the demographic makeup of ZIP 24112?
The largest racial group in ZIP 24112 is White at 52.3%. Hispanic or Latino residents make up 5.9% of the population.
How many businesses are in ZIP code 24112?
ZIP code 24112 has 771 business establishments employing approximately 14,208 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24112?
The top industries by establishment count in ZIP 24112 are: Health care and social assistance (128), Retail trade (126), Other services (except public administration) (102). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 24112?
According to the FHFA House Price Index, home values in ZIP 24112 increased by 6.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 85%. 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 24112?
In ZIP code 24112, 53.8% of residents aged 25+ have a high school diploma or higher, and 19.6% 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 24112?
The mean commute time for workers in ZIP code 24112 is 23.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 24112?
In ZIP code 24112, approximately 67.0% of occupied housing units are owner-occupied and 33.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24112?
The poverty rate in ZIP code 24112 is 19.1% 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 24112's numbers, next.
- See how ZIP 24112 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Martinsville, 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.