Martinsville, VA · standard

ZIP Code 24112

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

Reviewed by PlainZIP Editorial Team, ZIP Code Data Editors · June 14, 2026

32,646
83/sq mi: $48,770
Median income: $130,100
Median home value: 19.6%
Bachelor's or higher

The verdict

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.

ZIP code 24112 is classified by USPS as a standard delivery area and covers roughly 392.9 square miles in Martinsville, Henry County, Virginia. The area is home to 32,646 residents, producing a population density of 83 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 24112 against Virginia and the nation.

On the economic side, the median household income for ZIP 24112 sits at $48,770 (43% below the Virginia average), while per-capita income is $31,886. The poverty rate stands at 19.1% and the unemployment rate at 4.0%. On housing, the median home value is $130,100 (61% below the state average) with median rent at $790 per month, and 67.0% of occupied units are owner-occupied, a direct signal of whether 24112 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 19.6% of adults hold a bachelor's degree or higher, the median age is 44.2, and the average commute is 23 minutes. We also surface 5 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henry County, so you can benchmark 24112 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 24112

Health care and social assistance

128
Retail trade

126
Other services (except public administration)

102
Accommodation and food services

68
Professional, scientific, and technical services

54

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 24112, Martinsville, VA · 2023 Accessed 2026-06-14 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

32,646

Population

392.9

Area (sq mi)

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 24112?

44.2

Median Age

46.7%

Male

53.3%

Female

4.4%

Foreign-Born

White 52.3%

African American 37.1%

Asian 2.1%

American Indian or Alaska Native 0.0%

Native Hawaiian or Pacific Islander 0.0%

Two or More Ethnicities 5.4%

Hispanic or Latino 5.9%

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

$31,886

Per Capita Income

19.1%

Poverty Rate

4.0%

Unemployment Rate

23.4 min

Mean Commute Time

How ZIP 24112 ranks nationally

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?

High School Graduate or Higher 53.8%

Bachelor's Degree or Higher 19.6%

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

What does housing look like?

16,031

Total Housing Units

13,299

Occupied Units

2,732

Vacant Units

2.27

Avg Household Size

Occupancy Type

Owner 67.0%

Renter 33.0%

$130,100

Median Home Value

-61% vs state

$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

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 →

24112

32,646
24148

8,013
24078

7,115
24054

6,797
24089

2,640
24168

187

What this shows Among its immediate neighbors, ZIP 24112 ranks the most populous — useful context the national average alone can't give.

24168

$78,229
24148

$59,428
24054

$53,910
24078

$53,665
24089

$51,458
24112

$48,770

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.

ZIP Code	City	Population	Distance
24078	Collinsville, VA	7,115	3.7 mi
24168	Stanleytown, VA	187	5.7 mi
24089	Fieldale, VA	2,640	7.2 mi
24148	Ridgeway, VA	8,013	10.2 mi
24054	Axton, VA	6,797	8.5 mi

More ZIP Codes in Henry County

Henry County Martinsville, VA Virginia

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.