Oakwood, VA · standard

ZIP Code 24631

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

2,843
22/sq mi
$43,980
Median income
$66,800
Median home value
9.4%
Bachelor's or higher

The verdict

Oakwood pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.

8th pct
household income, US ZIPs
2th pct
home value, US ZIPs
22
people per sq mi
64%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 24631 against every reporting US ZIP.

ZIP code 24631 is classified by USPS as a standard delivery area and covers roughly 131.0 square miles in Oakwood, Buchanan County, Virginia. The area is home to 2,843 residents, producing a population density of 22 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 24631 against Virginia and the nation.

On the economic side, the median household income for ZIP 24631 sits at $43,980 (49% below the Virginia average), while per-capita income is $19,232. The poverty rate stands at 14.7% and the unemployment rate at 0.9%. On housing, the median home value is $66,800 (80% below the state average) with median rent at $732 per month, and 64.3% of occupied units are owner-occupied, a direct signal of whether 24631 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 9.4% of adults hold a bachelor's degree or higher, the median age is 41.6, and the average commute is . We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Buchanan County, so you can benchmark 24631 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 24631

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 24631.

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 24631, Oakwood, 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

2,843

Population

131.0

Area (sq mi)

22

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 24631?

41.6

Median Age

70.1%

Male

29.9%

Female

0.1%

Foreign-Born

White 69.2%
African American 27.0%
Asian 0.9%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.5%
Hispanic or Latino 6.0%

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?

$43,980

Median Household Income

-49% vs state

$19,232

Per Capita Income

14.7%

Poverty Rate

0.9%

Unemployment Rate

How ZIP 24631 ranks nationally

Household income vs. every US ZIP code

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

$43,980 8th percentile higher than 8% 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 62.7%
Bachelor's Degree or Higher 9.4%

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

What does housing look like?

822

Total Housing Units

583

Occupied Units

239

Vacant Units

2.48

Avg Household Size

Occupancy Type

Owner 64.3%
Renter 35.7%

$66,800

Median Home Value

-80% vs state

$732

Median Rent

1979

Median Year Built

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

What businesses operate in this ZIP?

Census Bureau data shows 35 business establishments in ZIP 24631, employing approximately 461 people with a combined annual payroll of $35,604,000.

35

Businesses

461

Employees

$35.6M

Annual Payroll

6

Industry Sectors

Industry Establishments % of Total
Wholesale trade 6 17.1%
Health care and social assistance 6 17.1%
Manufacturing 4 11.4%
Retail trade 4 11.4%
Transportation and warehousing 3 8.6%
Other services (except public administration) 3 8.6%

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 24631 vs 24646 →

ZIP 24631 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 24631 ranks #4 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 24631 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 24631 ranks #3 of 7 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
24646 Rowe, VA 750 5.7 mi
24639 Raven, VA 3,533 6.1 mi
24657 Whitewood, VA 321 7.3 mi
24634 Pilgrims Knob, VA 574 6.5 mi
24614 Grundy, VA 8,061 7.8 mi
24656 Vansant, VA 3,404 7.7 mi
24649 Swords Creek, VA 2,760 10.7 mi

More ZIP Codes in Buchanan County

Frequently Asked Questions

What county is ZIP code 24631 in?
ZIP code 24631 (Oakwood) is located in Buchanan County, Virginia. Buchanan County contains multiple ZIP codes, see the full list at /counties/buchanan-va.
What is the population of ZIP code 24631?
ZIP code 24631 in Oakwood, VA has a population of 2,843 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 24631?
The median household income in ZIP 24631 is $43,980, which is 42% below the national average of $76,288.
What is the average home value in ZIP 24631?
The median home value in ZIP 24631 is $66,800, which is 76% below the national average of $278,155.
What is the demographic makeup of ZIP 24631?
The largest racial group in ZIP 24631 is White at 69.2%. Hispanic or Latino residents make up 6.0% of the population.
How many businesses are in ZIP code 24631?
ZIP code 24631 has 35 business establishments employing approximately 461 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 24631?
The top industries by establishment count in ZIP 24631 are: Wholesale trade (6), Health care and social assistance (6), Manufacturing (4). There are 6 industry sectors represented in total.
What is the education level in ZIP code 24631?
In ZIP code 24631, 62.7% of residents aged 25+ have a high school diploma or higher, and 9.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 24631?
In ZIP code 24631, approximately 64.3% of occupied housing units are owner-occupied and 35.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 24631?
The poverty rate in ZIP code 24631 is 14.7% 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 Oakwood, VA

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