The story of this market
The typical home in ZIP 24122 sells for about $258,745, or $163 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,495 a month.
ZIP 24122 — Montvale
Market data for ZIP 24122 is not specifically published; figures provided reflect the broader Lynchburg market context. The area is experiencing a slight cooling in home prices with a year-over-year decline, while rental demand remains robust despite a recent drop in asking rents.
Median prices moved down 3.5% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 7.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 24122, Bedford County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.