How much is a home worth in ZIP code 24138?

The typical home in 24138 is worth $265,143, based on the Zillow Home Value Index.

Are home values rising in 24138?

Home values in 24138 are down 4.2% over the past year, and up 1.9% a year over five years.

What is the property tax rate in 24138?

The effective property tax rate in 24138 is 0.7% — roughly $1,933 a year on a typical home.

ZIP code 24138 has a population of 1,432 and a median household income of $62,400.

HousingHandbookReference data

…

U.S. ZIP Code · VA24138

Montgomery County · Blacksburg-Christiansburg-Radford, VA

Typical home value

$265,143^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.2%
5-year / yr: +1.9%
10-year / yr: +3.9%

Relative price

vs U.S.: -6.7%
vs metro: +8.4%
vs state: -19.2%

Price history

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

The typical home in 24138 is worth $265,143 — 8.4% above the Blacksburg-Christiansburg-Radford, VA median. Over the past year, values have fallen 4.2%. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,933^[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: 1,432^[3]
Median household income: $62,400^[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

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 yield—

Net yield (after ~40% expenses)—

Annual rent—

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$1,341

Loan principal$212,115

Down payment$53,029

Total interest paid$270,541

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 ratio—

Monthly cost to own$1,723

Monthly rent—

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: 5th percentile^[1]
Rental yield: —^[2]
Property tax: 80th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 24138?: The typical home in 24138 is worth $265,143, based on the Zillow Home Value Index.
Are home values rising in 24138?: Home values in 24138 are down 4.2% over the past year, and up 1.9% a year over five years.
What is the property tax rate in 24138?: The effective property tax rate in 24138 is 0.7% — roughly $1,933 a year on a typical home.
Who lives in 24138?: ZIP code 24138 has a population of 1,432 and a median household income of $62,400.

#Comparable ZIPs

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

24141 vs 24138 →
Radford, VA
Typical home
$271,470
Gross yield
5.5%
24079 vs 24138 →
VA
Typical home
$252,408
Gross yield
—
24380
VA
Typical home
$248,444
Gross yield
—
24084
Dublin, VA
Typical home
$248,016
Gross yield
—
24087
Elliston CDP, VA
Typical home
$244,576
Gross yield
—
24324
Draper CDP, VA
Typical home
$243,742
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA24138

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