24088 Zip Code Detailed Profile




City: Ferrum, VA (7.67%)
Counties: Franklin County, VA (85.06%), Patrick County, VA (14.94%)
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
% of renters here:

22%
State:

34%
Mar. 2013 cost of living index in zip code 24088: 85.9 (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).

Age and Sex of Residents in zip code 24088
Zip code 24088 (Ferrum, Virginia) real estate house value trends
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Real estate property taxes paid for housing units in 2013:
This zip code:

0.5% ($623)
Virginia:

0.8% ($1,877)
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%)

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Males: 2,725  (53.9%)
Females: 2,333  (46.1%)

For population 25 years and over in 24088:

For population 15 years and over in 24088:

Zip code 24088 compared to state average:

  • Median household income below state average.
  • Median house value below state average.
  • Unemployed percentage above state average.
  • Hispanic race population percentage below state average.
  • Median age significantly below state average.
  • Foreign-born population percentage significantly below state average.
  • Renting percentage below state average.
  • Number of college students above state average.
  • Percentage of population with a bachelor's degree or higher significantly below state average.
  • Races in zip code 24088

  • Zip code 24088 races chart
    • 4,628White population
    • 507Black population
    • 15American Indian population
    • 17Asian population
    • 1Native Hawaiian and Other Pacific Islander population
    • 101Some other race population
    • 38Two or more races population
    • 101Hispanic or Latino population

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Data:
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Based on 2000-2013 data
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123
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100% rural population.

Estimated median house/condo value in 2013: $121,500
24088:

$121,500
Virginia:

$239,300



According to our research of Virginia and other state lists there were 10 registered sex offenders living in 24088 zip code as of September 01, 2015.
The ratio of number of residents in zip code 24088 to the number of sex offenders is 645 to 1.
The number of registered sex offenders compared to the number of residents in this zip code is near the state average.


Median resident age:
This zip code:

28.9 years
Virginia median age:

37.6 years
Average household size:
This zip code:

2.5 people
Virginia:

2.6 people

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)

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)

Estimated median household income in 2013:
This zip code:

$37,482
Virginia:

$62,666
Ferrum, VA (24088) map Nearest zip codes: 24102, 24067, 24055, 24079, 24168, 24185.
Percentage of family households:
This zip code:

55.2%
Virginia:

51.4%
Percentage of households with unmarried partners:
This zip code:

9.3%
Virginia:

5.3%
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:
This zip code:

19.2%
Whole state:

11.7%
Residents with income below 50% of the poverty level in 2013:
This zip code:

5.0%
Whole state:

6.3%
Median number of rooms in houses and condos:
Here:

5.6
State:

6.9
Median number of rooms in apartments:
Here:

5.8
State:

4.5
  • Notable locations in this zip code not listed on our city pages

  • Click to draw/clear zip code borders
  • Notable locations in zip code 24088: Ryans Branch Campsite (A), Smart View Overlook (B), Blue Ridge Farm Museum (C). Display/hide their locations on the map

    Churches in zip code 24088 include: Republican Church (A), Rock Ridge Church (B), Rockfield Church (C), Bethany Church (D), Saint Johns Church (E), Trinity Church (F), Endicott Church (G), Faith Church (H), Union Church (I). Display/hide their locations on the map

    Cemeteries: Carter Cemetery (1), Whorley Cemetery (2), Turner Cemetery (3), Thomas Cemetery (4), Randolph Cemetery (5), Ramsey-Stanley-King Cemetery (6), Rakes-Thomas Cemetery (7). Display/hide their locations on the map

    Reservoirs: Adams Pond (A), Philpott Lake (B). Display/hide their locations on the map

    Streams, rivers, and creeks: White Oak Creek (A), Turners Creek (B), Turkeycock Branch (C), Tharp Creek (D), Small Creek (E), Shooting Creek (F), Shively Branch (G), Roaring Run (H), Ragland Branch (I). Display/hide their locations on the map

    Parks in zip code 24088 include: Mines Branch Recreation Area (1), Turkey Island Recreation Area (2), Ryans Branch Recreation Area (3), Deep Run Camp Area (4), Smart View Recreation Area (5), Rennet Bag Recreation Area (6). Display/hide their locations on the map

Year house built

  • 02010 or later
  • 2942000 to 2009
  • 4401990 to 1999
  • 4011980 to 1989
  • 3061970 to 1979
  • 1581960 to 1969
  • 2531950 to 1959
  • 421940 to 1949
  • 1891939 or earlier

Zip code 24088 satellite photo by USGS

Owner-occupied Renter-occupied

Bedrooms in owner-occupied houses and condos in Ferrum, VA (24088)

  • 23no bedroom
  • 301 bedroom
  • 3642 bedrooms
  • 6073 bedrooms
  • 1764 bedrooms
  • 525+ bedrooms

Bedrooms in renter-occupied apartments in Ferrum, VA (24088)

  • 49no bedroom
  • 71 bedroom
  • 1512 bedrooms
  • 913 bedrooms
  • 294 bedrooms
  • 265+ bedrooms
Owner-occupied Renter-occupied

Cars and other vehicles available in Ferrum, VA (24088) in owner-occupied houses/condos

  • 0no vehicle
  • 3421 vehicle
  • 3852 vehicles
  • 3063 vehicles
  • 1764 vehicles
  • 435+ vehicles

Cars and other vehicles available in Ferrum, VA (24088) in renter-occupied apartments

  • 114no vehicle
  • 771 vehicle
  • 1132 vehicles
  • 233 vehicles
  • 264 vehicles
  • 05+ vehicles

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:


Estimated median house or condo value in 2013: $121,500
24088:

$121,500
Virginia:

$239,300
Lower value quartile - upper value quartile: $53,700 - $185,100

Owners and renters by unit type in %

Housing units in structures:


Unemployment: 15.1%

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

Household type by relationship:

Households: 4,076

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).

Foreign born population: 96 (1.9%)
(6.3% of them are naturalized citizens)
This zip code:

1.9%
Whole state:

11.5%

Most common places of birth for the foreign-born residents

  • 76%Mexico
  • 18%Peru
  • 6%England

Most common first ancestries reported in 24088 (%)

  • 22%Other groups
  • 12%Irish
  • 10%American
  • 7%German
  • 4%English
  • 2%Polish
  • 2%Italian

Year of entry for the foreign-born population

  • 02010 or later
  • 02000 to 2009
  • 791990 to 1999
  • 28Before 1990

Zip code 24088 topographic map


Zip code 24088 marital status for males
Zip code 24088 marital status for females

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

Most commonly used house heating fuel

  • 63%Electricity
  • 15%Wood
  • 10%Fuel oil, kerosene, etc.
  • 9%Bottled, tank, or LP gas
  • 2%Utility gas
  • 1%Coal or coke

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

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


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.

Year Householders Moved Into Unit

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school):
Here:

0.0%
Virginia:

9.3%
Students in private schools in grades 9 to 12 (high school):
Here:

0.0%
Virginia:

7.5%
Students in private undergraduate colleges: 841
Here:

72.7%
Virginia:

19.9%

Educational Attainment (%)

School Enrollment by Level of School (%)

Class of Workers (%)

Occupation by median earnings in the past 12 months ($)

  • 49,500Health diagnosing and treating practitioners and other technical occupations
  • 39,632Law enforcement workers including supervisors
  • 39,063Computer and mathematical occupations
  • 38,750Production occupations
  • 37,838Building and grounds cleaning and maintenance occupations
  • 36,103Community and social service occupations

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


Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)

Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)

Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninstitutionalized)

People in group quarters in 2010:

  • 1,020 people in college/university student housing

People in group quarters in 2000:

  • 634 people in college dormitories (includes college quarters off campus)
Home Mortgage Disclosure Act Aggregated Statistics For Year 2009
(Based on 4 partial tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
E) Loans on Dwellings For 5+ Families
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
G) Loans On Manufactured
Home Dwelling (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED17$148,22522$100,843114$135,83319$56,2321$394,97012$136,35023$88,749
APPLICATIONS APPROVED, NOT ACCEPTED0$02$72,5958$102,2052$50,9500$00$01$60,690
APPLICATIONS DENIED7$122,2294$130,48058$131,86410$45,3720$04$183,62014$75,789
APPLICATIONS WITHDRAWN1$87,4604$71,02533$137,6921$7,6800$03$272,8936$71,078
FILES CLOSED FOR INCOMPLETENESS2$132,1303$173,29310$161,4471$70,5300$02$190,3754$106,208
Choose year:  2009 2008 2007 2006 2005 2004

Detailed HMDA statistics for the following Tracts: 0206.00 , 0207.00

Private Mortgage Insurance Companies Aggregated Statistics For Year 2009
(Based on 4 partial tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
NumberAverage ValueNumberAverage Value
LOANS ORIGINATED0$02$178,600
APPLICATIONS APPROVED, NOT ACCEPTED0$00$0
APPLICATIONS DENIED0$03$155,167
APPLICATIONS WITHDRAWN0$00$0
FILES CLOSED FOR INCOMPLETENESS1$175,1500$0
Choose year:  2009 2008 2007 2006 2005 2004

Detailed PMIC statistics for the following Tracts: 0206.00 , 0207.00

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value

Most common first names in zip code 24088 among deceased individuals
NameCountLived (average)
John3077.2 years
James3071.4 years
William2770.6 years
Mary1976.5 years
George1977.3 years
Charles1476.4 years
Virginia1371.5 years
Robert1273.7 years
Harry977.1 years
Charlie965.9 years
Most common last names in zip code 24088 among deceased individuals
Last nameCountLived (average)
Young5374.0 years
Shively4177.9 years
Rakes2373.9 years
Peters2373.8 years
Ferguson2173.9 years
Woods1876.7 years
Nolen1679.0 years
Thompson1677.1 years
Ingram1581.2 years
Scott1572.8 years

Businesses in zip code 24088



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