24551 Zip Code (Forest, VA) Detailed Profile

Estimated zip code population in 2016: 23,796
Zip code population in 2010: 20,667
Zip code population in 2000: 16,416

Houses and condos: 9,249
Renter-occupied apartments: 1,404
Mar. 2016 cost of living index in zip code 24551: 85.2 (less than average, U.S. average is 100)

Land area: 68.1 sq. mi.
Water area: 0.4 sq. mi.

Population density: 349 people per square mile

(very low).

Recent home sales, real estate maps, and home value estimator for zip code 24551

Real estate property taxes paid for housing units in 2016:
Median real estate property taxes paid for housing units with mortgages in 2016: $1,379 (0.5%)
Median real estate property taxes paid for housing units with no mortgage in 2016: $1,210 (0.5%)

For population 25 years and over in 24551:

• High school or higher: 96.2%
• Bachelor's degree or higher: 44.6%
• Graduate or professional degree: 18.6%
• Unemployed: 2.9%
• Mean travel time to work (commute): 21.7 minutes

For population 15 years and over in 24551:

• Never married: 23.0%
• Now married: 64.4%
• Separated: 1.9%
• Widowed: 4.2%
• Divorced: 6.6%

Urban population: 14,472
Rural population: 9,323

Averages for the 2012 tax year for zip code 24551, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $76,699 (Individual Income Tax Returns)

Here:	$76,699
State:	$71,192

Salary/wage: $63,600 (reported on 85.5% of returns)

Here:	$63,600
State:	$59,229

(% of AGI for various income ranges: 77.3% for AGIs below $25k, 73.7% for AGIs $25k-50k, 72.3% for AGIs $50k-75k, 77.5% for AGIs $75k-100k, 80.4% for AGIs $100k-200k, 50.9% for AGIs over 200k)

Taxable interest for individuals: $1,800 (reported on 45.5% of returns)

This zip code:	$1,800
Virginia:	$1,600

(% of AGI for various income ranges: 1.8% for AGIs below $25k, 1.2% for AGIs $25k-50k, 1.0% for AGIs $50k-75k, 0.7% for AGIs $75k-100k, 0.7% for AGIs $100k-200k, 1.7% for AGIs over 200k)

Ordinary dividends: $4,115 (reported on 29.9% of returns)

Here:	$4,115
State:	$6,959

(% of AGI for various income ranges: 2.3% for AGIs below $25k, 1.7% for AGIs $25k-50k, 1.6% for AGIs $50k-75k, 1.4% for AGIs $75k-100k, 1.3% for AGIs $100k-200k, 2.0% for AGIs over 200k)

Net capital gain/loss in AGI: +$9,985 (reported on 22.8% of returns)

Here:	+$9,985
State:	+$16,672

(% of AGI for various income ranges: 0.2% for AGIs $25k-50k, 0.9% for AGIs $50k-75k, 0.5% for AGIs $75k-100k, 1.0% for AGIs $100k-200k, 9.6% for AGIs over 200k)

Profit/loss from business: +$11,754 (reported on 15.2% of returns)

Here:	+$11,754
State:	+$14,116

(% of AGI for various income ranges: 5.3% for AGIs below $25k, 2.7% for AGIs $25k-50k, 2.6% for AGIs $50k-75k, 1.5% for AGIs $75k-100k, 1.5% for AGIs $100k-200k, 3.1% for AGIs over 200k)

Taxable individual retirement arrangement distribution: $16,869 (reported on 13.0% of returns)

24551:	$16,869
Virginia:	$16,667

(% of AGI for various income ranges: 4.0% for AGIs below $25k, 4.3% for AGIs $25k-50k, 3.6% for AGIs $50k-75k, 3.1% for AGIs $75k-100k, 2.8% for AGIs $100k-200k, 1.8% for AGIs over 200k)

Self-employment retirement plans: $21,525 (reported on 0.4% of returns)

24551:	$21,525
Virginia:	$25,373

Total itemized deductions: $24,492 (19% of AGI, reported on 45.3% of returns)

Here:	$24,492
State:	$26,596

Here:	19.2% of AGI
State:	20.1% of AGI

(% of AGI for various income ranges: 9.1% for AGIs below $25k, 12.7% for AGIs $25k-50k, 14.6% for AGIs $50k-75k, 14.8% for AGIs $75k-100k, 15.8% for AGIs $100k-200k, 13.9% for AGIs over 200k)

Charity contributions: $6,446 (reported on 39.2% of returns)

Here:	$6,446
State:	$4,443

(% of AGI for various income ranges: 0.9% for AGIs below $25k, 1.9% for AGIs $25k-50k, 2.9% for AGIs $50k-75k, 2.7% for AGIs $75k-100k, 3.3% for AGIs $100k-200k, 4.7% for AGIs over 200k)

Taxes paid: $8,002 (reported on 45.2% of returns)

24551:	$8,002
State:	$9,951

(% of AGI for various income ranges: 1.2% for AGIs below $25k, 2.3% for AGIs $25k-50k, 3.3% for AGIs $50k-75k, 4.3% for AGIs $75k-100k, 5.6% for AGIs $100k-200k, 5.8% for AGIs over 200k)

Earned income credit: $1,852 (reported on 9.0% of returns)

Here:	$1,852
State:	$2,211

(% of AGI for various income ranges: 3.4% for AGIs below $25k, 0.8% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 45.7%

Here:	46%
State:	46%

(% for various income ranges: 38.7% for AGIs below $25k, 47.0% for AGIs $25k-50k, 48.2% for AGIs $50k-75k, 46.0% for AGIs $75k-100k, 47.9% for AGIs $100k-200k, 68.8% for AGIs over 200k)

Averages for the 2004 tax year for zip code 24551, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $60,928 (Individual Income Tax Returns)

Here:	$60,928
State:	$56,704

Salary/wage: $51,944 (reported on 87.0% of returns)

Here:	$51,944
State:	$48,441

(% of AGI for various income ranges: 170.9% for AGIs below $10k, 74.8% for AGIs $10k-25k, 77.0% for AGIs $25k-50k, 79.7% for AGIs $50k-75k, 85.0% for AGIs $75k-100k, 65.5% for AGIs over 100k)

Taxable interest for individuals: $1,856 (reported on 54.0% of returns)

This zip code:	$1,856
Virginia:	$1,688

(% of AGI for various income ranges: 11.6% for AGIs below $10k, 2.7% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.2% for AGIs $50k-75k, 1.0% for AGIs $75k-100k, 1.8% for AGIs over 100k)

Taxable dividends: $3,041 (reported on 33.3% of returns)

Here:	$3,041
State:	$4,028

(% of AGI for various income ranges: 6.9% for AGIs below $10k, 2.4% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.2% for AGIs $50k-75k, 1.3% for AGIs $75k-100k, 1.8% for AGIs over 100k)

Net capital gain/loss: +$14,487 (reported on 28.0% of returns)

Here:	+$14,487
State:	+$14,375

(% of AGI for various income ranges: -1.2% for AGIs below $10k, 0.8% for AGIs $10k-25k, 0.6% for AGIs $25k-50k, 1.0% for AGIs $50k-75k, 1.3% for AGIs $75k-100k, 13.2% for AGIs over 100k)

Profit/loss from business: +$11,607 (reported on 14.2% of returns)

Here:	+$11,607
State:	+$13,342

(% of AGI for various income ranges: 10.5% for AGIs below $10k, 4.6% for AGIs $10k-25k, 3.5% for AGIs $25k-50k, 2.8% for AGIs $50k-75k, 1.8% for AGIs $75k-100k, 2.6% for AGIs over 100k)

IRA payment deduction: $3,278 (reported on 3.8% of returns)

24551:	$3,278
Virginia:	$2,943

(% of AGI for various income ranges: 0.4% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 0.2% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Self-employed pension: $12,059 (reported on 0.6% of returns)

Here:	$12,059
Virginia:	$17,430

Total itemized deductions: $18,642 (19% of AGI, reported on 49.4% of returns)

Here:	$18,642
State:	$21,492

Here:	19.4% of AGI
State:	21.0% of AGI

(% of AGI for various income ranges: 19.6% for AGIs below $10k, 12.7% for AGIs $10k-25k, 14.4% for AGIs $25k-50k, 16.4% for AGIs $50k-75k, 17.4% for AGIs $75k-100k, 14.1% for AGIs over 100k)

Charity contributions deductions: $4,034 (4% of AGI, reported on 45.0% of returns)

Here:	$4,034
State:	$3,794

Here:	4.1% of AGI
State:	3.5% of AGI

(% of AGI for various income ranges: 1.4% for AGIs below $10k, 1.6% for AGIs $10k-25k, 2.4% for AGIs $25k-50k, 2.9% for AGIs $50k-75k, 3.2% for AGIs $75k-100k, 3.2% for AGIs over 100k)

Total tax: $9,099 (reported on 80.9% of returns)

24551:	$9,099
State:	$9,537

(% of AGI for various income ranges: 3.7% for AGIs below $10k, 4.3% for AGIs $10k-25k, 7.0% for AGIs $25k-50k, 8.2% for AGIs $50k-75k, 9.4% for AGIs $75k-100k, 16.8% for AGIs over 100k)

Earned income credit: $1,549 (reported on 7.0% of returns)

Here:	$1,549
State:	$1,734

Percentage of individuals using paid preparers for their 2004 taxes: 47.5%

Here:	47%
State:	52%

(% for various income ranges: 39.4% for AGIs below $10k, 46.9% for AGIs $10k-25k, 51.5% for AGIs $25k-50k, 49.6% for AGIs $50k-75k, 43.5% for AGIs $75k-100k, 53.3% for AGIs over 100k)

Nearest zip codes: 24556, 24570, 24502, 24503, 24536, 24550.
Timberlake Zip Code Map

No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 224
Household did not receive Food Stamps/SNAP in the past 12 months: 8,776

Women who had a birth in the past 12 months: 127 (121 now married, 5 unmarried)
Women who did not have a birth in the past 12 months: 4,692 (2,694 now married, 1,967 unmarried)

Housing units in zip code 24551 with a mortgage: 5,042 (158 second mortgage, 723 home equity loan, 23 both second mortgage and home equity loan)
Houses without a mortgage: 2,448

Median monthly owner costs for units with a mortgage: $1,469
Median monthly owner costs for units without a mortgage: $374

Residents with income below the poverty level in 2016:
Residents with income below 50% of the poverty level in 2016:

• Zip code 24551 household income distribution in 2016

• 
• 362Less than $10,000
• 230$10,000 to $14,999
• 237$15,000 to $19,999
• 315$20,000 to $24,999
• 279$25,000 to $29,999
• 381$30,000 to $34,999
• 305$35,000 to $39,999
• 356$40,000 to $44,999
• 344$45,000 to $49,999
• 796$50,000 to $59,999
• 880$60,000 to $74,999
• 1,270$75,000 to $99,999
• 1,077$100,000 to $124,999
• 832$125,000 to $149,999
• 869$150,000 to $199,999
• 505$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2016 in zip code 24551

• 
• 21Less than $10,000
• 13$15,000 to $19,999
• 18$20,000 to $24,999
• 7$25,000 to $29,999
• 32$50,000 to $59,999
• 12$60,000 to $69,999
• 25$70,000 to $79,999
• 36$80,000 to $89,999
• 30$90,000 to $99,999
• 300$100,000 to $124,999
• 514$125,000 to $149,999
• 817$150,000 to $174,999
• 859$175,000 to $199,999
• 1,330$200,000 to $249,999
• 1,177$250,000 to $299,999
• 1,659$300,000 to $399,999
• 516$400,000 to $499,999
• 318$500,000 to $749,999
• 41$750,000 to $999,999

• Rent paid by renters in 2016 in zip code 24551

• 
• 13$300 to $349
• 81$400 to $449
• 64$450 to $499
• 246$500 to $549
• 186$550 to $599
• 35$600 to $649
• 8$650 to $699
• 54$700 to $749
• 47$750 to $799
• 90$800 to $899
• 217$900 to $999
• 98$1,000 to $1,249
• 97$1,250 to $1,499
• 42$1,500 to $1,999
• 41$2,000 to $2,499
• 17$2,500 to $2,999
• 25No cash rent

Median gross rent in 2016: $806.

Median price asked for vacant for-sale houses and condos in 2016: $274,968.

Estimated median house (or condo) value in 2016 for:

• White Non-Hispanic householders: $265,200
• Black or African American householders: $221,834
• American Indian or Alaska Native householders: $120,461
• Asian householders: $364,905
• Some other race householders: $138,994
• Hispanic or Latino householders: $146,036

Estimated median house or condo value in 2016: $261,494 Lower value quartile - upper value quartile: $191,411 - $358,170

Mean price in 2016:

Detached houses: $286,892

Here:	$286,892
State:	$352,970

Townhouses or other attached units: $206,185

Here:	$206,185
State:	$343,400

In 3-to-4-unit structures: $244,591

Here:	$244,591
State:	$225,729

In 5-or-more-unit structures: $176,444

Here:	$176,444
State:	$312,703

Mobile homes: $173,869

Here:	$173,869
State:	$68,737

Housing units in structures:

• One, detached: 7,109
• One, attached: 885
• Two: 98
• 3 or 4: 227
• 5 to 9: 427
• 10 to 19: 214
• 20 to 49: 139
• 50 or more: 37
• Mobile homes: 98

Unemployment: 2.9%

• Means of transportation to work in zip code 24551

• 
• 85.2%10,106Drove a car alone
• 7.7%909Carpooled
• 0.6%71Bus or trolley bus
• 0.1%12Motorcycle
• 0.1%16Bicycle
• 0.4%49Walked
• 0.6%77Other means
• 5.3%625Worked at home

• Travel time to work (commute) in zip code 24551

• 
• 242Less than 5 minutes
• 1,0285 to 9 minutes
• 1,90110 to 14 minutes
• 2,21415 to 19 minutes
• 2,52820 to 24 minutes
• 1,15225 to 29 minutes
• 1,05330 to 34 minutes
• 21835 to 39 minutes
• 10740 to 44 minutes
• 18245 to 59 minutes
• 32160 to 89 minutes
• 20190 or more minutes

Percentage of zip code residents living and working in this county: 28.1%

Household type by relationship:

Households: 23,775

• In family households: 21,263 (4,086 male householders, 2,670 female householders)

  5,937 spouses, 7,152 children (6,566 natural, 274 adopted, 313 stepchildren), 457 grandchildren, 133 brothers or sisters, 189 parents, 145 other relatives, 216 non-relatives

• In nonfamily households: 2,482 (870 male householders (733 living alone)), 1,273 female householders (1,204 living alone)), 328 nonrelatives
• In group quarters: 29 (0 institutionalized population)

Size of family households: 3,189 2-persons, 1,510 3-persons, 1,325 4-persons, 522 5-persons, 142 6-persons, 92 7-or-more-persons

Size of nonfamily households: 1,938 1-person, 134 2-persons, 68 3-persons

4,404 married couples with children.
486 single-parent households (117 men, 369 women).

92.5% of residents of 24551 zip code speak English at home.
1.7% of residents speak Spanish at home (84% very well, 16% well).
1.5% of residents speak other Indo-European language at home (87% very well, 9% well, 4% not well).
3.3% of residents speak Asian or Pacific Island language at home (42% very well, 26% well, 14% not well, 18% not at all).
0.7% of residents speak other language at home (30% very well, 21% well, 49% not well).

Facilities with environmental interests located in this zip code:

• BEDFORD CO - NEW LONDON ACADEMY (12400 EAST LYNCHBURG SALEM TPKE in FOREST, VA)

  AIR MINOR (AIRS/AFS)
  STATE MASTER (Virginia pollutants databases) - CEDS-30290, AIR PROGRAM
  (National Center for Education Statistics) - STATE ID-0100610
  National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit
  Business SIC classification: SEWERAGE SYSTEMS; ELEMENTARY AND SECONDARY SCHOOLS
  Business NAICS classification: ELEMENTARY AND SECONDARY SCHOOLS.
  Organizations: BEDFORD COUNTY PUBLIC SCHOOLS (SCHOOL DISTRICT)
  Alternative names: BEDFORD CO.SCHOOL BD.,NEW LOND, NEW LOUDON ACADEMY

• BEDFORD CO - JEFFERSON FOREST HIGH (ROUTE 221 in FOREST, VA)

  AIR MINOR (AIRS/AFS)
  STATE MASTER (Virginia pollutants databases) - CEDS-30262, AIR PROGRAM
  Business SIC and NAICS classification: ELEMENTARY AND SECONDARY SCHOOLS
  Alternative names: JEFFERSON FOREST HIGH SCHOOL

• BUFFALO AIR HANDLING - FOREST (12740 LYNCHBURG SALEM TURNPIKE in FOREST, VA)

  AIR MINOR (AIRS/AFS)
  STATE MASTER (Virginia pollutants databases) - CEDS-31051, AIR PROGRAM
  Business SIC classification: SHEET METALWORK
  Business NAICS classification: SHEET METAL WORK MANUFACTURING.
  

• ANDREW CORP (140 VISTA CENTRE DR in FOREST, VA)

  TRI REPORTER (Tracking of toxic chemicals releasing facilities)
  Business SIC classification: RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT
  Alternative names: GRAYSON WIRELESS

Housing units lacking complete plumbing facilities: 0.3%
Housing units lacking complete kitchen facilities: 0.5%

Population in 1990: 12,905. Population change in the 1990s: +3,511 (+27.2%).

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

• This state: 12,639
• Northeast: 3,142
• Midwest: 1,729
• South: 3,511
• West: 998

57% of the 24551 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 29% lived in this county.
   Out of people who lived in different counties, 50% lived in Virginia.

92% of the 24551 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 26% moved from this county.
   Out of people who lived in different houses, 45% moved from different county within same state.
   Out of people who lived in different houses, 22% moved from different state.
   Out of people who lived in different houses, 9% moved from abroad.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 458
Students in private schools in grades 9 to 12 (high school): 279 Students in private undergraduate colleges: 521

Companies with federal contracts located in this zip code (FOREST, VA):

• INNOVATIVE WIRELESS TECHNOLOGI (1047 VISTA PARK DR STE A; small business) : $4,566,751 in 14 contracts from 2002 to 2006

  Contracts for Defense Electronics and Communication Equipment -- Basic Research (R&D), Other Defense -- Management and Support (R&D), Other Medical -- Basic Research (R&D), Mathematical and Computer Sciences -- Engineering Development (R&D), and more by Army, National Institute of Standards and Technology, NASA
  Signed by year: 2000: $0; 2001: $0; 2002: $69,896; 2003: $609,141; 2004: $685,236; 2005: $1,191,325; 2006: $2,011,153.
  
  Biggest contracts:
  $2,011,153 with Army for Defense Electronics and Communication Equipment -- Basic Research (R&D). Signed on 2006-05-15. Completion date: 2007-09-04.
  $500,000, same as above. Signed on 2005-11-14. Completion date: 2005-11-20.
  $489,261, same as above. Signed on 2003-11-13. Completion date: 2005-11-20.
  $372,401 with Army for Other Defense -- Management and Support (R&D). Signed on 2004-12-01. Completion date: 2006-12-15.
  

• FMR-INC (752 ALUM SPRINGS ROAD; small business) : $72,585 in 2 contracts from 2003 to 2004

  $40,725 with Navy for Radio and Television Communication Equipment, Except Airborne. Signed on 2004-04-01. Completion date: 2004-04-08.
  $31,860, same as above. Signed on 2003-08-23. Completion date: 2003-09-05.
  

• M/A-COM, INC (12860 E LYNCHBURG SALEM T; small business)

  $59,245 with Navy for Radio and Television Communication Equipment, Except Airborne. Signed on 2006-04-18. Completion date: 2006-09-18.

• DETECTION MONITORING TECHNOLOG (5106 WATERLICK RD; small business)

  $59,116 with Navy for Miscellaneous Items. Signed on 2005-05-23. Completion date: 2005-10-28.

• ATCO PRODUCTS, INC (1002 PERFORMANCE ROAD; small business)

  $6,708 with Defense Logistics Agency for O-Ring. Taking place in PA. Signed on 2004-10-06. Completion date: 2004-12-06.

• TECHNICAL PUBLICATIONS SERVICE (110 VISTA CENTRE DRIVE; small business)

  $4,890 with Army for Advertising Services. Signed on 2004-09-02. Completion date: 2004-09-30.

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

• Administrative and Support and Waste Management and Remediation Services: Temporary Help Services (250-499 employees: 1 establishment, 100-249 employees: 1 establishment, 50-99 employees: 1 establishment, 1-4 employees: 2 establishments)
• Administrative and Support and Waste Management and Remediation Services: Telemarketing Bureaus (250-499: 1)
• Other Services (except Public Administration): Religious Organizations (100-249: 1, 50-99: 1, 10-19: 1, 5-9: 4, 1-4: 7)
• Administrative and Support and Waste Management and Remediation Services: Office Administrative Services (100-249: 1, 20-49: 2)
• Construction: Commercial and Institutional Building Construction (100-249: 1, 5-9: 1)
• Professional, Scientific, and Technical Services: Direct Mail Advertising (100-249: 1, 5-9: 1)
• Construction: Other Building Equipment Contractors (100-249: 1)

Most common first names in zip code 24551 among deceased individuals
Name	Count	Lived (average)
William	64	72.9 years
John	59	74.0 years
Mary	46	79.8 years
Robert	44	71.4 years
James	42	69.2 years
Dorothy	27	80.5 years
Charles	26	75.5 years
Thomas	22	72.5 years
George	20	72.2 years
Helen	18	78.0 years

Most common last names in zip code 24551 among deceased individuals
Last name	Count	Lived (average)
Brown	27	79.0 years
Smith	21	77.8 years
White	20	82.0 years
Witt	19	70.3 years
Anderson	18	73.1 years
Johnson	17	74.9 years
Overstreet	16	79.3 years
Wilson	16	71.8 years
Jones	15	70.1 years
Wright	15	80.7 years

Businesses in zip code 24551
Name	Count		Name	Count
AT&T	1		Nike	1
Burger King	1		Nissan	1
CVS	1		Quiznos	1
FedEx	2		SONIC Drive-In	1
H&R Block	1		Taco Bell	1
Kroger	1		U-Haul	1
Lane Furniture	1		U.S. Cellular	1
Mazda	1		UPS	5
McDonald's	2		Walgreens	1