HousingHandbookReference data

U.S. ZIP Code · VA24540

Pittsylvania County

Typical home value

$153,526[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.6%
5-year / yr
+7.6%
10-year / yr
+6.3%

Relative price

vs U.S.
-46.0%
vs metro
vs state
-53.2%
ZIP 24540 location in VA
Location of ZIP 24540 in VA

Price history

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

The typical home in 24540 is worth $153,526. Over the past year, values have risen 0.6%. Homes here rent for a typical $1,170 a month — a 9.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$1,170[2]
Gross yield
9.1%[2]
Cap rate
5.5%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$900[3]

#Climate risk

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

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

#Who lives here

Population
31,013[3]
Median household income
$47,924[3]

#Migration

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

Net migration
-87[5]
Moved in
1,199
Moved out
1,286

Schools

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

Public schools
7
Elementary
3
Middle
2
High
1
  • Twin Springs Elementary

    Elementary · Grades PK–5 · Pittsylvania County Public Schools

    643 students

  • G.L.H. Johnson Elementary

    Elementary · Grades K–5 · Danville City Public Schools

    605 students

  • O. Trent Bonner Middle

    Middle · Grades 6–8 · Danville City Public Schools

    573 students

  • Westwood Middle

    Middle · Grades 6–8 · Danville City Public Schools

    554 students

  • Woodberry Hills Elementary

    Elementary · Grades K–5 · Danville City Public Schools

    378 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 yield9.1%
Net yield (after ~40% expenses)5.5%
Annual rent$14,037

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$776
Loan principal$122,821
Down payment$30,705
Total interest paid$156,651

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 ratio0.84
Monthly cost to own$980
Monthly rent$1,170

Owning 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
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 24540?
The typical home in 24540 is worth $153,526, based on the Zillow Home Value Index.
Are home values rising in 24540?
Home values in 24540 are up 0.6% over the past year, and up 7.6% a year over five years.
What is the typical rent in 24540?
A typical home in 24540 rents for about $1,170 a month, a gross rental yield of 9.1%.
What is the property tax rate in 24540?
The effective property tax rate in 24540 is 0.6% — roughly $900 a year on a typical home.
Who lives in 24540?
ZIP code 24540 has a population of 31,013 and a median household income of $47,924.

Compare ZIPs

Pit ZIP 24540 against any other ZIP — full side-by-side table.

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