Bedford, VA · standard

ZIP Code 24523

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

18,952
33/sq mi
$73,957
Median income
$239,800
Median home value
25.8%
Bachelor's or higher

The verdict

Bedford pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 47%
household income, US ZIPs
Top 45%
home value, US ZIPs
33
people per sq mi
80%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24523 against every reporting US ZIP.

ZIP code 24523 is classified by USPS as a standard delivery area and covers roughly 583.1 square miles in Bedford, Bedford County, Virginia. The area is home to 18,952 residents, producing a population density of 33 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 24523 against Virginia and the nation.

On the economic side, the median household income for ZIP 24523 sits at $73,957 (14% below the Virginia average), while per-capita income is $34,838. The poverty rate stands at 9.1% and the unemployment rate at 3.6%. On housing, the median home value is $239,800 (28% below the state average) with median rent at $810 per month, and 80.3% of occupied units are owner-occupied, a direct signal of whether 24523 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 25.8% of adults hold a bachelor's degree or higher, the median age is 45.6, and the average commute is 25 minutes. We also surface 3 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bedford County, so you can benchmark 24523 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 24523

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 24523.

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 24523, Bedford, 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

18,952

Population

583.1

Area (sq mi)

33

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 24523?

45.6

Median Age

50.2%

Male

49.8%

Female

1.9%

Foreign-Born

White 84.1%
African American 9.4%
Asian 0.4%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.0%
Hispanic or Latino 2.4%

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?

$73,957

Median Household Income

-14% vs state

$34,838

Per Capita Income

9.1%

Poverty Rate

3.6%

Unemployment Rate

24.6 min

Mean Commute Time

How ZIP 24523 ranks nationally

Household income vs. every US ZIP code

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

$73,957 Top 47% higher than 53% 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%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $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 63.2%
Bachelor's Degree or Higher 25.8%

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

What does housing look like?

9,151

Total Housing Units

8,213

Occupied Units

938

Vacant Units

2.43

Avg Household Size

Occupancy Type

Owner 80.3%
Renter 19.7%

$239,800

Median Home Value

-28% vs state

$810

Median Rent

1980

Median Year Built

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

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+9.4%

YoY Change (2024)

252

HPI Index (2000 = 100)

+152%

Total Change Since 2000

Home values in ZIP 24523 have increased 9.4% over the past year (2024). Since 2000, this ZIP has seen +152% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.6% 164
2021 +12.1% 183
2022 +12.1% 206
2023 +12.2% 231
2024 +9.4% 252

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 486 business establishments in ZIP 24523, employing approximately 4,929 people with a combined annual payroll of $203,154,000.

486

Businesses

4,929

Employees

$203.2M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Other services (except public administration) 72 14.8%
Construction 65 13.4%
Retail trade 60 12.3%
Health care and social assistance 52 10.7%
Professional, scientific, and technical services 42 8.6%
Finance and insurance 38 7.8%
Accommodation and food services 36 7.4%
Manufacturing 32 6.6%
Administrative and support and waste management and remediation services 26 5.3%
Transportation and warehousing 18 3.7%
Real estate and rental and leasing 17 3.5%
Wholesale trade 10 2.1%
Information 7 1.4%
Arts, entertainment, and recreation 7 1.4%
Agriculture, forestry, fishing and hunting 3 0.6%

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 24523 vs 24570 →

ZIP 24523 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 24523 ranks the most populous — useful context the national average alone can't give.

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

ZIP 24523 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 24523 ranks #2 of 3 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
24570 Lowry, VA 20 5.3 mi
24174 Thaxton, VA 2,539 8.1 mi
24556 Goode, VA 3,053 7.5 mi

More ZIP Codes in Bedford County

Frequently Asked Questions

What county is ZIP code 24523 in?
ZIP code 24523 (Bedford) is located in Bedford County, Virginia. Bedford County contains multiple ZIP codes, see the full list at /counties/bedford-va.
What is the population of ZIP code 24523?
ZIP code 24523 in Bedford, VA has a population of 18,952 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24523?
The median household income in ZIP 24523 is $73,957, which is 3% below the national average of $76,288.
What is the average home value in ZIP 24523?
The median home value in ZIP 24523 is $239,800, which is 14% below the national average of $278,155.
What is the demographic makeup of ZIP 24523?
The largest racial group in ZIP 24523 is White at 84.1%. Hispanic or Latino residents make up 2.4% of the population.
How many businesses are in ZIP code 24523?
ZIP code 24523 has 486 business establishments employing approximately 4,929 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24523?
The top industries by establishment count in ZIP 24523 are: Other services (except public administration) (72), Construction (65), Retail trade (60). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 24523?
According to the FHFA House Price Index, home values in ZIP 24523 increased by 9.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 152%. 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 24523?
In ZIP code 24523, 63.2% of residents aged 25+ have a high school diploma or higher, and 25.8% 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 24523?
The mean commute time for workers in ZIP code 24523 is 24.6 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 24523?
In ZIP code 24523, approximately 80.3% of occupied housing units are owner-occupied and 19.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24523?
The poverty rate in ZIP code 24523 is 9.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Bedford, VA

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