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 Moderate-density area
- $43,980
- Median income Below-median income area
- $66,800
- Median home value Below-median home value
- 9.4%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
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
- 2nd 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 covers 131.0 square miles in Oakwood, Buchanan County, Virginia (a standard USPS delivery area), with a modest 2,843 residents on file, a density of 22 people per square mile, in the New York time zone.
ZIP 24631 reports a modest median household income of $43,980 (49% below the average Virginia ZIP), while per-capita income is $19,232. The poverty rate is 14.7%, with unemployment at 0.9%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $66,800 (80% below the average Virginia ZIP), and median rent is $732; owner occupancy is 64.3%.
Formal educational attainment runs low here: just 9.4% of adults hold a bachelor's degree or higher, the median age is 41.6, and the average commute is -. The page also surfaces 7 ZIP codes within roughly 10 miles and 6 more in Buchanan County, so 24631 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 24631
Top 5 sectors by establishment count in Oakwood, VA
Which industries have the most business establishments in ZIP 24631.
- Wholesale trade
Wholesale trade
6 establishments
- Health care and social assistance
Health care and social assistance
6 establishments
- Manufacturing
Manufacturing
4 establishments
- Retail trade
Retail trade
4 establishments
- Transportation and warehousing
Transportation and warehousing
3 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 24631, Oakwood, 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
2,843
Population
131.0
Area (sq mi)
22
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 24631?
41.6
Median Age
70.1%
Male
29.9%
Female
0.1%
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?
$43,980
Median Household Income
-49% vs state ZIP avg
$19,232
Per Capita Income
14.7%
Poverty Rate
0.9%
Unemployment Rate
How ZIP 24631 ranks among Virginia ZIPs
Oakwood, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$43,980 7th percentile higher than 7% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia 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
822housing units
822
Total Housing Units
583
Occupied Units
239
Vacant Units
2.48
Avg Household Size
Occupancy Type
$66,800
Median Home Value
-80% vs state ZIP avg
$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.
- 24614
Grundy (24614)
8,061 residents
- 24639
Raven (24639)
3,533 residents
- 24656
Vansant (24656)
3,404 residents
- 24631 2,843
Oakwood (24631)
2,843 residents
- 24649 2,760
Swords Creek (24649)
2,760 residents
- 24646 750
Rowe (24646)
750 residents
- 24634 574
Pilgrims Knob (24634)
574 residents
- 24657 321
Whitewood (24657)
321 residents
What this shows Among its immediate neighbors, ZIP 24631 ranks #4 by population - useful context the national average alone can't give.
ZIP 24631 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 24639
Raven (24639)
$55,591 median income
- 24646
Rowe (24646)
$47,330 median income
- 24631
Oakwood (24631)
$43,980 median income
- 24656
Vansant (24656)
$43,646 median income
- 24614
Grundy (24614)
$41,328 median income
- 24649
Swords Creek (24649)
$39,345 median income
- 24634
Pilgrims Knob (24634)
$31,453 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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 24631, 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 (2,843 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Buchanan County
Related Areas
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.
Related
Take this with you
What to do with ZIP 24631's numbers, next.
- See how ZIP 24631 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Oakwood, 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.