How much is a home worth in ZIP code 24060?

The typical home in 24060 is worth $429,292, based on the Zillow Home Value Index.

Are home values rising in 24060?

Home values in 24060 are up 2.1% over the past year, and up 4.2% a year over five years.

What is the typical rent in 24060?

A typical home in 24060 rents for about $1,855 a month, a gross rental yield of 5.2%.

What is the property tax rate in 24060?

The effective property tax rate in 24060 is 0.9% — roughly $3,893 a year on a typical home.

ZIP code 24060 has a population of 48,541 and a median household income of $67,675.

HousingHandbookReference data

…

U.S. ZIP Code · VA24060

Montgomery County · Blacksburg-Christiansburg-Radford, VA

Typical home value

$429,292^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +4.2%
10-year / yr: +5.7%

Relative price

vs U.S.: +51.1%
vs metro: +75.5%
vs state: +30.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 24060 is worth $429,292 — 75.5% above the Blacksburg-Christiansburg-Radford, VA median. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,855 a month — a 5.2% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,855^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,893^[3]

#Climate risk

FEMA National Risk Index ratings for Montgomery County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Very Low
Hurricane: Very Low
Tornado: Very Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 48,541^[3]
Median household income: $67,675^[3]

#Migration

Household moves in and out of Montgomery County over a year, from IRS tax-return data.

Net migration: -428^[5]
Moved in: 2,961
Moved out: 3,389

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 5
Middle: 1
High: 1

Blacksburg High
High · Grades 9–12 · Montgomery County Public Schools
1,281 students
Blacksburg Middle
Middle · Grades 6–8 · Montgomery County Public Schools
987 students
Prices Fork Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
452 students
Kipps Elementary
Elementary · Grades K–5 · Montgomery County Public Schools
370 students
Margaret Beeks Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
313 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$22,258

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,171

Loan principal$343,434

Down payment$85,858

Total interest paid$438,031

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.54

Monthly cost to own$2,854

Monthly rent$1,855

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 19th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 24060?: The typical home in 24060 is worth $429,292, based on the Zillow Home Value Index.
Are home values rising in 24060?: Home values in 24060 are up 2.1% over the past year, and up 4.2% a year over five years.
What is the typical rent in 24060?: A typical home in 24060 rents for about $1,855 a month, a gross rental yield of 5.2%.
What is the property tax rate in 24060?: The effective property tax rate in 24060 is 0.9% — roughly $3,893 a year on a typical home.
Who lives in 24060?: ZIP code 24060 has a population of 48,541 and a median household income of $67,675.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

24149 vs 24060 →
Riner CDP, VA
Typical home
$346,248
Gross yield
—
24091 vs 24060 →
Floyd, VA
Typical home
$310,566
Gross yield
—
24073
Christiansburg, VA
Typical home
$309,196
Gross yield
7.0%
24128
VA
Typical home
$304,754
Gross yield
—
24072
VA
Typical home
$286,861
Gross yield
—
24141
Radford, VA
Typical home
$271,470
Gross yield
5.5%

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Pit ZIP 24060 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA24060

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