24088 Zip Code (Ferrum, VA) Detailed Profile

Estimated zip code population in 2013: 5,058
Zip code population in 2010: 5,408
Zip code population in 2000: 4,286

Houses and condos: 2,083
Renter-occupied apartments: 353
Mar. 2016 cost of living index in zip code 24088: 85.5 (less than average, U.S. average is 100)

Land area: 117.2 sq. mi.
Water area: 2.2 sq. mi.

Population density: 43 people per square mile

(very low).

Recent home sales, real estate maps, and home value estimator for zip code 24088

Real estate property taxes paid for housing units in 2013:
Median real estate property taxes paid for housing units with mortgages in 2013: $636 (0.4%)
Median real estate property taxes paid for housing units with no mortgage in 2013: $607 (0.7%)

For population 25 years and over in 24088:

• High school or higher: 79.0%
• Bachelor's degree or higher: 13.3%
• Graduate or professional degree: 4.5%
• Unemployed: 15.1%
• Mean travel time to work (commute): 27.8 minutes

For population 15 years and over in 24088:

• Never married: 44.0%
• Now married: 44.5%
• Separated: 0.5%
• Widowed: 4.3%
• Divorced: 6.7%

100% rural population.

Averages for the 2012 tax year for zip code 24088, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $37,151 (Individual Income Tax Returns)

Here:	$37,151
State:	$71,192

Salary/wage: $34,433 (reported on 83.5% of returns)

Here:	$34,433
State:	$59,229

(% of AGI for various income ranges: 74.1% for AGIs below $25k, 83.7% for AGIs $25k-50k, 80.3% for AGIs $50k-75k, 81.2% for AGIs $75k-100k, 67.8% for AGIs $100k-200k)

Taxable interest for individuals: $1,030 (reported on 33.5% of returns)

This zip code:	$1,030
Virginia:	$1,600

(% of AGI for various income ranges: 1.8% for AGIs below $25k, 0.5% for AGIs $25k-50k, 0.8% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 1.3% for AGIs $100k-200k)

Ordinary dividends: $4,632 (reported on 15.8% of returns)

Here:	$4,632
State:	$6,959

(% of AGI for various income ranges: 1.5% for AGIs below $25k, 1.0% for AGIs $25k-50k, 1.0% for AGIs $50k-75k, 0.6% for AGIs $75k-100k, 5.2% for AGIs $100k-200k)

Net capital gain/loss in AGI: +$1,971 (reported on 8.9% of returns)

Here:	+$1,971
State:	+$16,672

(% of AGI for various income ranges: 0.2% for AGIs below $25k, 0.6% for AGIs $50k-75k, 1.5% for AGIs $100k-200k)

Profit/loss from business: +$7,816 (reported on 15.8% of returns)

Here:	+$7,816
State:	+$14,116

(% of AGI for various income ranges: 8.5% for AGIs below $25k, 3.0% for AGIs $25k-50k, 3.9% for AGIs $50k-75k, 2.5% for AGIs $75k-100k)

Taxable individual retirement arrangement distribution: $8,733 (reported on 9.5% of returns)

24088:	$8,733
Virginia:	$16,667

(% of AGI for various income ranges: 2.7% for AGIs below $25k, 1.6% for AGIs $25k-50k, 2.0% for AGIs $50k-75k, 6.2% for AGIs $75k-100k)

Total itemized deductions: $18,641 (23% of AGI, reported on 17.1% of returns)

Here:	$18,641
State:	$26,596

Here:	23.3% of AGI
State:	20.1% of AGI

(% of AGI for various income ranges: 3.2% for AGIs below $25k, 6.5% for AGIs $25k-50k, 9.3% for AGIs $50k-75k, 10.1% for AGIs $75k-100k, 13.1% for AGIs $100k-200k)

Charity contributions: $4,027 (reported on 13.9% of returns)

Here:	$4,027
State:	$4,443

(% of AGI for various income ranges: 1.1% for AGIs $25k-50k, 1.4% for AGIs $50k-75k, 1.9% for AGIs $75k-100k, 2.9% for AGIs $100k-200k)

Taxes paid: $5,226 (reported on 17.1% of returns)

24088:	$5,226
State:	$9,951

(% of AGI for various income ranges: 0.4% for AGIs below $25k, 1.1% for AGIs $25k-50k, 2.3% for AGIs $50k-75k, 3.1% for AGIs $75k-100k, 4.9% for AGIs $100k-200k)

Earned income credit: $2,068 (reported on 25.9% of returns)

Here:	$2,068
State:	$2,211

(% of AGI for various income ranges: 6.7% for AGIs below $25k, 1.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 65.8%

Here:	66%
State:	46%

(% for various income ranges: 62.3% for AGIs below $25k, 69.8% for AGIs $25k-50k, 66.7% for AGIs $50k-75k, 72.7% for AGIs $75k-100k, 66.7% for AGIs $100k-200k)

Averages for the 2004 tax year for zip code 24088, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $31,365 (Individual Income Tax Returns)

Here:	$31,365
State:	$56,704

Salary/wage: $29,348 (reported on 84.9% of returns)

Here:	$29,348
State:	$48,441

(% of AGI for various income ranges: 82.3% for AGIs below $10k, 80.2% for AGIs $10k-25k, 85.6% for AGIs $25k-50k, 83.5% for AGIs $50k-75k, 79.9% for AGIs $75k-100k, 55.2% for AGIs over 100k)

Taxable interest for individuals: $1,431 (reported on 40.3% of returns)

This zip code:	$1,431
Virginia:	$1,688

(% of AGI for various income ranges: 4.0% for AGIs below $10k, 2.6% for AGIs $10k-25k, 1.0% for AGIs $25k-50k, 1.3% for AGIs $50k-75k, 0.8% for AGIs $75k-100k, 4.2% for AGIs over 100k)

Taxable dividends: $3,491 (reported on 16.7% of returns)

Here:	$3,491
State:	$4,028

(% of AGI for various income ranges: 2.6% for AGIs below $10k, 1.6% for AGIs $10k-25k, 0.5% for AGIs $25k-50k, 1.0% for AGIs $50k-75k, 0.4% for AGIs $75k-100k, 7.9% for AGIs over 100k)

Net capital gain/loss: +$7,330 (reported on 12.0% of returns)

Here:	+$7,330
State:	+$14,375

(% of AGI for various income ranges: 1.5% for AGIs below $10k, 0.9% for AGIs $10k-25k, 1.1% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 1.7% for AGIs $75k-100k, 12.2% for AGIs over 100k)

Profit/loss from business: +$6,825 (reported on 16.5% of returns)

Here:	+$6,825
State:	+$13,342

(% of AGI for various income ranges: 18.9% for AGIs below $10k, 6.2% for AGIs $10k-25k, 3.7% for AGIs $25k-50k, 2.6% for AGIs $50k-75k, 1.0% for AGIs $75k-100k)

IRA payment deduction: $2,766 (reported on 2.8% of returns)

24088:	$2,766
Virginia:	$2,943

Total itemized deductions: $14,544 (23% of AGI, reported on 18.2% of returns)

Here:	$14,544
State:	$21,492

Here:	22.9% of AGI
State:	21.0% of AGI

(% of AGI for various income ranges: 5.6% for AGIs $10k-25k, 6.9% for AGIs $25k-50k, 10.2% for AGIs $50k-75k, 12.5% for AGIs $75k-100k, 11.9% for AGIs over 100k)

Charity contributions deductions: $3,722 (5% of AGI, reported on 14.8% of returns)

Here:	$3,722
State:	$3,794

Here:	5.4% of AGI
State:	3.5% of AGI

(% of AGI for various income ranges: 0.8% for AGIs $10k-25k, 1.0% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 2.4% for AGIs $75k-100k, 4.4% for AGIs over 100k)

Total tax: $3,384 (reported on 72.6% of returns)

24088:	$3,384
State:	$9,537

(% of AGI for various income ranges: 3.6% for AGIs below $10k, 4.2% for AGIs $10k-25k, 6.3% for AGIs $25k-50k, 7.9% for AGIs $50k-75k, 9.9% for AGIs $75k-100k, 15.7% for AGIs over 100k)

Earned income credit: $1,605 (reported on 20.8% of returns)

Here:	$1,605
State:	$1,734

Percentage of individuals using paid preparers for their 2004 taxes: 73.2%

Here:	73%
State:	52%

(% for various income ranges: 71.8% for AGIs below $10k, 74.7% for AGIs $10k-25k, 74.7% for AGIs $25k-50k, 70.5% for AGIs $50k-75k, 62.1% for AGIs $75k-100k, 76.7% for AGIs over 100k)

Nearest zip codes: 24102, 24067, 24055, 24079, 24168, 24185.
No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 232
Household did not receive Food Stamps/SNAP in the past 12 months: 1,373

Women who had a birth in the past 12 months: 41 (41 now married, 0 unmarried)
Women who did not have a birth in the past 12 months: 1,383 (527 now married, 856 unmarried)

Housing units in zip code 24088 with a mortgage: 603 (36 second mortgage, 96 home equity loan)
Houses without a mortgage: 649

Median monthly owner costs for units with a mortgage: $961
Median monthly owner costs for units without a mortgage: S238

Residents with income below the poverty level in 2013:
Residents with income below 50% of the poverty level in 2013:

• Zip code 24088 household income distribution in 2013

• 
• 174Less than $10,000
• 113$10,000 to $14,999
• 132$15,000 to $19,999
• 127$20,000 to $24,999
• 32$25,000 to $29,999
• 155$30,000 to $34,999
• 97$35,000 to $39,999
• 113$40,000 to $44,999
• 127$45,000 to $49,999
• 113$50,000 to $59,999
• 155$60,000 to $74,999
• 163$75,000 to $99,999
• 30$100,000 to $124,999
• 46$125,000 to $149,999
• 17$150,000 to $199,999
• 11$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2013 in zip code 24088

• 
• 75Less than $10,000
• 43$10,000 to $14,999
• 86$15,000 to $19,999
• 25$20,000 to $24,999
• 8$25,000 to $29,999
• 29$30,000 to $34,999
• 36$40,000 to $49,999
• 30$50,000 to $59,999
• 23$60,000 to $69,999
• 35$70,000 to $79,999
• 25$80,000 to $89,999
• 53$90,000 to $99,999
• 184$100,000 to $124,999
• 84$125,000 to $149,999
• 161$150,000 to $174,999
• 104$175,000 to $199,999
• 68$200,000 to $249,999
• 40$250,000 to $299,999
• 49$300,000 to $399,999
• 46$400,000 to $499,999
• 18$500,000 to $749,999
• 21$750,000 to $999,999
• 9$1,000,000 or more

• Rent paid by renters in 2013 in zip code 24088

• 
• 49Less than $100
• 27$350 to $399
• 95$400 to $449
• 25$450 to $499
• 11$500 to $549
• 10$650 to $699
• 22$700 to $749
• 9$1,500 to $1,999
• 105No cash rent

Median gross rent in 2013: $629.

Median price asked for vacant for-sale houses and condos in 2013: $266,903.

Estimated median house (or condo) value in 2013 for:

• White Non-Hispanic householders: $128,418
• Black or African American householders: $116,167

Estimated median house or condo value in 2013: $121,500 Lower value quartile - upper value quartile: $53,700 - $185,100

Housing units in structures:

• One, detached: 1,309
• One, attached: 10
• 5 to 9: 14
• 20 to 49: 49
• Mobile homes: 701

Unemployment: 15.1%

• Means of transportation to work in zip code 24088

• 
• 66.1%1,331Drove a car alone
• 8.6%173Carpooled
• 0.4%8Bus or trolley bus
• 19.7%397Walked
• 0.4%8Other means
• 4.8%96Worked at home

• Travel time to work (commute) in zip code 24088

• 
• 74Less than 5 minutes
• 3835 to 9 minutes
• 16210 to 14 minutes
• 18515 to 19 minutes
• 19420 to 24 minutes
• 11825 to 29 minutes
• 21030 to 34 minutes
• 5835 to 39 minutes
• 3740 to 44 minutes
• 18645 to 59 minutes
• 25560 to 89 minutes
• 5590 or more minutes

Percentage of zip code residents living and working in this county: 71.8%

Household type by relationship:

Households: 4,076

• In family households: 3,400 (615 male householders, 440 female householders)

  923 spouses, 1,180 children (1,053 natural, 51 adopted, 77 stepchildren), 28 grandchildren, 14 brothers or sisters, 15 parents, 0 other relatives, 178 non-relatives

• In nonfamily households: 676 (323 male householders (235 living alone)), 227 female householders (197 living alone)), 126 nonrelatives
• In group quarters: 982 (0 institutionalized population)

Size of family households: 413 2-persons, 345 3-persons, 131 4-persons, 80 5-persons, 24 6-persons, 62 7-or-more-persons

Size of nonfamily households: 432 1-person, 118 2-persons

766 married couples with children.
106 single-parent households (43 men, 63 women).

97.3% of residents of 24088 zip code speak English at home.
2.7% of residents speak Spanish at home (61% very well, 23% well, 16% not well).

Housing units lacking complete plumbing facilities: 5.3%
Housing units lacking complete kitchen facilities: 10.5%

Population in 1990: 4,389. Population change in the 1990s: -103 (-2.3%).

Place of birth for U.S.-born residents:

• This state: 3,783
• Northeast: 345
• Midwest: 174
• South: 549
• West: 100

71% of the 24088 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 43% lived in this county.
   Out of people who lived in different counties, 50% lived in Virginia.

90% of the 24088 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 89% moved from this county.
   Out of people who lived in different houses, 11% moved from different county within same state.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school):
Students in private schools in grades 9 to 12 (high school): Students in private undergraduate colleges: 841

Top industries in this zip code by the number of employees in 2005:

• Educational Services: Colleges, Universities, and Professional Schools (250-499 employees: 1 establishment)
• Construction: Finish Carpentry Contractors (10-19: 1, 5-9: 2, 1-4: 1)
• Accommodation and Food Services: Limited-Service Restaurants (10-19: 1)
• Wholesale Trade: Farm Supplies Merchant Wholesalers (10-19: 1)

Detailed HMDA statistics for the following Tracts: 0206.00 , 0207.00


Detailed PMIC statistics for the following Tracts: 0206.00 , 0207.00

Most common first names in zip code 24088 among deceased individuals
Name	Count	Lived (average)
John	30	77.2 years
James	30	71.4 years
William	27	70.6 years
Mary	19	76.5 years
George	19	77.3 years
Charles	14	76.4 years
Virginia	13	71.5 years
Robert	12	73.7 years
Harry	9	77.1 years
Charlie	9	65.9 years

Most common last names in zip code 24088 among deceased individuals
Last name	Count	Lived (average)
Young	53	74.0 years
Shively	41	77.9 years
Rakes	23	73.9 years
Peters	23	73.8 years
Ferguson	21	73.9 years
Woods	18	76.7 years
Nolen	16	79.0 years
Thompson	16	77.1 years
Ingram	15	81.2 years
Scott	15	72.8 years

Businesses in zip code 24088

• Dairy Queen: 1
• Subway: 1