HousingHandbookReference data

U.S. ZIP Code · VA24248

Lee County

Typical home value

$133,471[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.7%
5-year / yr
+4.0%
10-year / yr
+4.1%

Relative price

vs U.S.
-53.0%
vs metro
vs state
-59.3%
ZIP 24248 location in VA
Location of ZIP 24248 in VA

Price history

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

The typical home in 24248 is worth $133,471. Over the past year, values have risen 8.7%. The effective property tax rate is 0.4%.

#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
0.4%[3]
Typical annual tax
$592[3]

#Climate risk

FEMA National Risk Index ratings for Lee 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
Relatively Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
2,207[3]
Median household income
$78,281[3]

#Migration

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

Net migration
+4[5]
Moved in
322
Moved out
318

Schools

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

Public schools
2
Elementary
0
Middle
1
High
1
  • Thomas Walker High

    High · Grades 8–12 · Lee County Public Schools

    283 students

  • Elydale Middle

    Middle · Grades 5–7 · Lee County Public Schools

    137 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.

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.

Monthly payment$675
Loan principal$106,776
Down payment$26,694
Total interest paid$136,187

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.

Own : rent ratio
Monthly cost to own$835
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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 24248?
The typical home in 24248 is worth $133,471, based on the Zillow Home Value Index.
Are home values rising in 24248?
Home values in 24248 are up 8.7% over the past year, and up 4.0% a year over five years.
What is the property tax rate in 24248?
The effective property tax rate in 24248 is 0.4% — roughly $592 a year on a typical home.
Who lives in 24248?
ZIP code 24248 has a population of 2,207 and a median household income of $78,281.

Compare ZIPs

Pit ZIP 24248 against any other ZIP — full side-by-side table.

Compare 24248

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